Bailard Inc. Invests $606,000 in Proto Labs, Inc. (NYSE:PRLB)

Bailard Inc. bought a new position in Proto Labs, Inc. (NYSE:PRLB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 17,300 shares of the industrial products company's stock, valued at approximately $606,000. Bailard Inc. owned approximately 0.07% of Proto Labs at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Trust Advisors LP lifted its holdings in shares of Proto Labs by 71.9% during the 4th quarter. First Trust Advisors LP now owns 738,576 shares of the industrial products company's stock valued at $28,871,000 after purchasing an additional 308,970 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Proto Labs by 348.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 212,914 shares of the industrial products company's stock worth $8,323,000 after buying an additional 165,396 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Proto Labs by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,300,864 shares of the industrial products company's stock valued at $50,851,000 after buying an additional 68,006 shares during the period. SG Capital Management LLC acquired a new stake in shares of Proto Labs in the fourth quarter worth $1,950,000. Finally, Norges Bank bought a new position in shares of Proto Labs in the 4th quarter worth about $1,947,000. Institutional investors own 84.54% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Proto Labs from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 6th.

Proto Labs Stock Down 0.6%

PRLB stock traded down $0.22 during trading on Monday, reaching $39.13. The stock had a trading volume of 193,295 shares, compared to its average volume of 241,158. Proto Labs, Inc. has a one year low of $25.76 and a one year high of $46.73. The company's 50 day moving average is $39.30 and its two-hundred day moving average is $38.44. The company has a market capitalization of $930.14 million, a price-to-earnings ratio of 65.22 and a beta of 1.33.

Proto Labs (NYSE:PRLB - Get Free Report) last released its earnings results on Friday, May 2nd. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $126.21 million for the quarter, compared to the consensus estimate of $123.71 million. Proto Labs had a return on equity of 2.22% and a net margin of 2.99%. The business's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. As a group, research analysts predict that Proto Labs, Inc. will post 0.81 earnings per share for the current fiscal year.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.