Quantum Capital Management Nj buys $20.5 Million stake in Proto Labs Inc (PRLB)

Proto Labs Inc (PRLB) : Quantum Capital Management Nj scooped up 124,474 additional shares in Proto Labs Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 336,648 shares of Proto Labs Inc which is valued at $20.5 Million.Proto Labs Inc makes up approximately 6.03% of Quantum Capital Management Nj’s portfolio.

Other Hedge Funds, Including , Cupps Capital Management boosted its stake in PRLB in the latest quarter, The investment management firm added 29,005 additional shares and now holds a total of 29,100 shares of Proto Labs Inc which is valued at $1.8 Million. Proto Labs Inc makes up approx 0.35% of Cupps Capital Management’s portfolio.Timessquare Capital Management reduced its stake in PRLB by selling 338,650 shares or 46.8% in the most recent quarter. The Hedge Fund company now holds 385,000 shares of PRLB which is valued at $23.5 Million. Proto Labs Inc makes up approx 0.15% of Timessquare Capital Management’s portfolio.Fiduciary Management Associates reduced its stake in PRLB by selling 108,715 shares or 26.83% in the most recent quarter. The Hedge Fund company now holds 296,457 shares of PRLB which is valued at $17.7 Million. Proto Labs Inc makes up approx 1.17% of Fiduciary Management Associates’s portfolio. Geneva Advisors added PRLB to its portfolio by purchasing 10,290 company shares during the most recent quarter which is valued at $615,239. Proto Labs Inc makes up approx 0.01% of Geneva Advisors’s portfolio.

Proto Labs Inc opened for trading at $60.19 and hit $61.3982 on the upside on Friday, eventually ending the session at $60.63, with a gain of 0.95% or 0.57 points. The heightened volatility saw the trading volume jump to 1,16,294 shares. Company has a market cap of $1,598 M.

On the company’s financial health, Proto Labs Inc reported $0.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.46. The company had revenue of $72.60 million for the quarter, compared to analysts expectations of $74.29 million. The company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on Proto Labs Inc. FBR Capital Initiated Proto Labs Inc on May 11, 2016 to “Outperform”, Price Target of the shares are set at $80.

Proto Labs Inc. (Proto Labs) is an online manufacturer of custom parts for prototyping and short-run production. The Company utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts for its customers. The Company provides parts for product developers and engineers across the world. The Company utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts for its customers. The Company targets its products to the product developers and engineers who use three-dimensional computer-aided design (3D CAD) software to design products across a diverse range of end-markets. Its primary manufacturing product lines include Protomold which is an injection molding product line Firstcut which is a CNC machining product line and Fineline which is an additive-manufactured (3D printing) product line. The Company has operations in the United States Europe and Japan.

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