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

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

Several other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in shares of Proto Labs by 0.3% during the fourth quarter. Principal Financial Group Inc. now owns 118,889 shares of the industrial products company's stock worth $4,647,000 after purchasing an additional 299 shares during the period. Rhumbline Advisers boosted its holdings in Proto Labs by 0.4% during the fourth quarter. Rhumbline Advisers now owns 78,783 shares of the industrial products company's stock worth $3,080,000 after buying an additional 303 shares during the last quarter. American Century Companies Inc. grew its position in shares of Proto Labs by 0.8% during the 4th quarter. American Century Companies Inc. now owns 52,579 shares of the industrial products company's stock worth $2,055,000 after buying an additional 404 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Proto Labs by 0.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,626 shares of the industrial products company's stock worth $3,152,000 after buying an additional 437 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of Proto Labs by 764.1% in the 4th quarter. Sterling Capital Management LLC now owns 795 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 703 shares during the last quarter. Institutional investors and hedge funds own 84.54% of the company's stock.

Proto Labs Stock Down 0.3%

Shares of PRLB traded down $0.10 during trading hours on Thursday, reaching $38.05. The stock had a trading volume of 144,833 shares, compared to its average volume of 241,444. The company has a market cap of $904.42 million, a P/E ratio of 63.42 and a beta of 1.31. Proto Labs, Inc. has a 52 week low of $25.76 and a 52 week high of $46.73. The firm has a 50-day moving average of $37.38 and a 200 day moving average of $38.71.

Proto Labs (NYSE:PRLB - Get Free Report) last posted its earnings results on Friday, May 2nd. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. Proto Labs had a return on equity of 2.22% and a net margin of 2.99%. The firm had revenue of $126.21 million during the quarter, compared to analysts' expectations of $123.71 million. During the same period in the previous year, the firm earned $0.40 earnings per share. The company's revenue was down 1.3% on a year-over-year basis. As a group, equities analysts expect that Proto Labs, Inc. will post 0.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Proto Labs 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.