GAMMA Investing LLC Acquires 32,182 Shares of Proto Labs, Inc. (NYSE:PRLB)

GAMMA Investing LLC boosted its position in Proto Labs, Inc. (NYSE:PRLB - Free Report) by 12,144.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,447 shares of the industrial products company's stock after purchasing an additional 32,182 shares during the period. GAMMA Investing LLC owned about 0.13% of Proto Labs worth $1,137,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PRLB. Sterling Capital Management LLC raised its position in Proto Labs by 764.1% in the fourth quarter. Sterling Capital Management LLC now owns 795 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 703 shares during the period. Quarry LP increased its stake in Proto Labs by 175.7% during the 4th quarter. Quarry LP now owns 1,585 shares of the industrial products company's stock valued at $62,000 after buying an additional 1,010 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Proto Labs during the fourth quarter worth $192,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Proto Labs in the fourth quarter worth approximately $205,000. Finally, LPL Financial LLC acquired a new stake in Proto Labs during the 4th quarter valued at $210,000. 84.54% of the stock is owned by institutional investors and hedge funds.

Proto Labs Price Performance

Shares of Proto Labs stock traded down $0.55 during midday trading on Tuesday, hitting $38.09. The company had a trading volume of 201,297 shares, compared to its average volume of 240,940. Proto Labs, Inc. has a 1-year low of $25.76 and a 1-year high of $46.73. The business's 50 day simple moving average is $37.26 and its two-hundred day simple moving average is $38.72. The stock has a market cap of $905.40 million, a PE ratio of 64.40 and a beta of 1.31.

Proto Labs (NYSE:PRLB - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.33 EPS 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 analyst estimates of $123.71 million. Proto Labs had a return on equity of 2.22% and a net margin of 2.99%. Proto Labs's quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 EPS. On average, sell-side analysts expect that Proto Labs, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.