Graham Capital Management L.P. Invests $386,000 in FARO Technologies, Inc. (NASDAQ:FARO)

Graham Capital Management L.P. acquired a new position in shares of FARO Technologies, Inc. (NASDAQ:FARO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,231 shares of the scientific and technical instruments company's stock, valued at approximately $386,000. Graham Capital Management L.P. owned 0.08% of FARO Technologies at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of FARO Technologies by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 744,222 shares of the scientific and technical instruments company's stock valued at $18,874,000 after acquiring an additional 62,305 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in FARO Technologies during the fourth quarter valued at approximately $10,849,000. Driehaus Capital Management LLC acquired a new stake in shares of FARO Technologies in the 4th quarter valued at $8,990,000. Bastion Asset Management Inc. bought a new stake in shares of FARO Technologies during the 4th quarter worth about $5,892,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in FARO Technologies by 244.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 213,423 shares of the scientific and technical instruments company's stock valued at $5,412,000 after purchasing an additional 151,382 shares during the last quarter. 97.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FARO Technologies

In other news, CEO Peter James Lau sold 4,617 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $29.30, for a total transaction of $135,278.10. Following the completion of the transaction, the chief executive officer now directly owns 160,076 shares of the company's stock, valued at $4,690,226.80. This trade represents a 2.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Horwath sold 1,480 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $29.30, for a total transaction of $43,364.00. Following the transaction, the chief financial officer now owns 39,430 shares of the company's stock, valued at approximately $1,155,299. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

FARO Technologies Trading Up 0.0%

FARO Technologies stock traded up $0.01 during mid-day trading on Tuesday, hitting $42.11. The stock had a trading volume of 593,487 shares, compared to its average volume of 278,264. The stock has a market capitalization of $809.61 million, a PE ratio of -120.31 and a beta of 1.49. FARO Technologies, Inc. has a 12 month low of $13.52 and a 12 month high of $42.64. The company has a current ratio of 2.17, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27. The stock has a 50-day simple moving average of $30.25 and a two-hundred day simple moving average of $28.65.

FARO Technologies (NASDAQ:FARO - Get Free Report) last released its earnings results on Monday, February 24th. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.10. The firm had revenue of $93.54 million for the quarter, compared to analyst estimates of $91.40 million. FARO Technologies had a negative return on equity of 2.49% and a negative net margin of 1.87%. During the same quarter in the prior year, the firm posted $0.36 earnings per share.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FARO shares. Craig Hallum downgraded FARO Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Needham & Company LLC lowered FARO Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, StockNews.com began coverage on FARO Technologies in a report on Friday. They set a "buy" rating for the company.

About FARO Technologies

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.