Algert Global LLC Purchases Shares of 12,963 FARO Technologies, Inc. (NASDAQ:FARO)

Algert Global LLC bought a new position in shares of FARO Technologies, Inc. (NASDAQ:FARO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,963 shares of the scientific and technical instruments company's stock, valued at approximately $329,000. Algert Global LLC owned 0.07% of FARO Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in shares of FARO Technologies by 13.1% in the fourth quarter. SG Americas Securities LLC now owns 8,345 shares of the scientific and technical instruments company's stock valued at $212,000 after purchasing an additional 966 shares during the last quarter. Quarry LP purchased a new position in shares of FARO Technologies in the 4th quarter valued at $25,000. Price T Rowe Associates Inc. MD raised its stake in shares of FARO Technologies by 3.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,129 shares of the scientific and technical instruments company's stock valued at $942,000 after acquiring an additional 1,314 shares during the period. Rhumbline Advisers raised its stake in shares of FARO Technologies by 4.5% in the 4th quarter. Rhumbline Advisers now owns 31,279 shares of the scientific and technical instruments company's stock valued at $793,000 after acquiring an additional 1,333 shares during the period. Finally, National Bank of Canada FI purchased a new position in shares of FARO Technologies in the 4th quarter valued at $55,000. 97.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

FARO Technologies Stock Up 0.1%

FARO stock traded up $0.04 during mid-day trading on Friday, hitting $42.28. 613,486 shares of the company were exchanged, compared to its average volume of 275,683. The company has a market capitalization of $812.88 million, a PE ratio of -120.80 and a beta of 1.49. The company has a current ratio of 2.17, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27. FARO Technologies, Inc. has a twelve month low of $13.52 and a twelve month high of $42.64. The firm has a fifty day simple moving average of $29.98 and a 200 day simple moving average of $28.48.

FARO Technologies (NASDAQ:FARO - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.10. FARO Technologies had a negative net margin of 1.87% and a negative return on equity of 2.49%. The company had revenue of $93.54 million during the quarter, compared to analyst estimates of $91.40 million. During the same period last year, the business earned $0.36 EPS.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FARO shares. StockNews.com started coverage on shares of FARO Technologies in a report on Friday. They set a "buy" rating for the company. Needham & Company LLC lowered shares of FARO Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Craig Hallum lowered shares of FARO Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th.

FARO Technologies Company Profile

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.