Stock On Watch: Proto Labs Inc: Brown Capital Management Llc Opened Big New Position

Stock On Watch: Proto Labs Inc: Brown Capital Management Llc Opened Big New Position

The New Brown Capital Management Llc Holding in Proto Labs Inc

Brown Capital Management Llc filed with the SEC SC 13G/A form for Proto Labs Inc. The form can be accessed here: 000139834416019437. As reported in Brown Capital Management Llc’s form, the filler as of late owns 11.4% or 3,012,802 shares of the Consumer Discretionary–company.

Proto Labs Inc stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2016. We feel this shows Brown Capital Management Llc’s positive view for the stock. For a institutional investor managing $7.02 billion in assets and having 34+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Proto Labs Inc Institutional Sentiment

Latest Security and Exchange filings show 180 investors own Proto Labs Inc. The institutional ownership in Q3 2015 is high, at 96.03% of the outstanding shares. This is increased by 1610641 the total institutional shares. 25372123 were the shares owned by these institutional investors. In total 27 funds opened new Proto Labs Inc stakes, 87 increased stakes. There were 17 that closed positions and 52 reduced them.

4 managers had the stock in their top Ten. Notable investors are: Crestwood Capital Management L.P., Archon Capital Management Llc, Quantum Capital Management Llc Nj..

Conestoga Capital Advisors Llc is an institutional investor bullish on Proto Labs Inc, owning 542002 shares as of Q3 2015 for 2.91% of its portfolio. Ranger Investment Management Lp owns 674797 shares or 2.55% of its portfolio. MN Riverbridge Partners Llc have 2.53% of their stock portfolio for 1832128 shares. Further, Granite Point Capital Management Lp reported stake worth 1.67% of its US stock portfolio. The NY Crestwood Capital Management Lp owns 416000 shares. Proto Labs Inc is 4.87% of the manager’s US portfolio.

Business Profile

Proto Labs, Inc. is an online and technology-enabled manufacturer of on-demand three-dimensional (3D)-printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. It utilizes injection molding, CNC machining and 3D printing 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 range of end-markets. It has operations in the United States, Europe and Japan. The Company’s manufacturing product lines include injection molding (Protomold), CNC machining (Firstcut) and 3D printing (Fineline). The Company’s 3D Printing (Fineline) product line includes stereolithography (SL), selective laser sintering (SLS) and direct metal laser sintering (DMLS) processes, which offers customers a range of precision rapid prototyping and low volume production.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Brown Capital Management Llc website.

Insitutional Activity: The institutional sentiment increased to 1.69 in Q2 2016. Its up 0.23, from 1.46 in 2016Q1. The ratio improved, as 27 funds sold all Proto Labs Inc shares owned while 47 reduced positions. 35 funds bought stakes while 90 increased positions. They now own 27.83 million shares or 0.26% less from 27.90 million shares in 2016Q1.

Gp One Trading L P owns 4,463 shares or 0% of their US portfolio. Moreover, Ls Inv Limited Liability has 0% invested in Proto Labs Inc (NYSE:PRLB) for 890 shares. Suffolk Cap Limited Liability Company holds 41,541 shares or 0.31% of its portfolio. Dimensional Fund Advisors Lp, a Texas-based fund reported 307,880 shares. Moreover, Crestwood Cap Mgmt Limited Partnership has 5.81% invested in Proto Labs Inc (NYSE:PRLB) for 401,958 shares. Prudential Financial accumulated 0.01% or 57,140 shares. Citigroup accumulated 15,591 shares or 0% of the stock. Eagle Asset last reported 0.14% of its portfolio in the stock. Tiverton Asset Mngmt Ltd Liability Corp has invested 0.65% of its portfolio in Proto Labs Inc (NYSE:PRLB). First Mercantile Trust Co owns 8,180 shares or 0.06% of their US portfolio. Ladenburg Thalmann Financial Serv last reported 1,947 shares in the company. Diam has invested 0.02% of its portfolio in Proto Labs Inc (NYSE:PRLB). Louisiana State Employees Retirement reported 10,500 shares or 0.03% of all its holdings. Artisan Partners Ltd Partnership holds 0.04% of its portfolio in Proto Labs Inc (NYSE:PRLB) for 356,232 shares. Kennedy Cap Mgmt holds 21,125 shares or 0.02% of its portfolio.

Insider Transactions: Since April 14, 2016, the stock had 2 insider purchases, and 2 selling transactions for $75,767 net activity. Shares for $320,000 were sold by Gawlick Rainer on Thursday, April 14. Baker Arthur R. III also bought $165,000 worth of Proto Labs Inc (NYSE:PRLB) shares. On Thursday, September 1 HOLT VICTORIA M bought $101,081 worth of the stock or 1,900 shares.

Analysts await Proto Labs Inc (NYSE:PRLB) to report earnings on October, 27. They expect $0.49 earnings per share, up 2.08% or $0.01 from last year’s $0.48 per share. PRLB’s profit will be $12.85 million for 29.96 P/E if the $0.49 EPS becomes a reality. After $0.41 actual earnings per share reported by Proto Labs Inc for the previous quarter, Wall Street now forecasts 19.51% EPS growth.

About 175,197 shares traded hands. Proto Labs Inc (NYSE:PRLB) has declined 15.11% since March 2, 2016 and is downtrending. It has underperformed by 23.37% the S&P500.

Proto Labs, Inc. is an online and technology-enabled maker of on-demand three-dimensional -printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The company has a market cap of $1.54 billion. It utilizes injection molding, CNC machining and 3D printing to manufacture custom parts for its customers. It has a 33.96 P/E ratio. The Firm targets its products to the product developers and engineers who use three-dimensional computer-aided design (3D CAD) software to design products across a range of end-markets.

Proto Labs Inc (NYSE:PRLB) Ratings Coverage

Out of 6 analysts covering Proto Labs (NYSE:PRLB), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. $88.0 is the highest target while $50 is the lowest. The $72.80 average target is 23.98% above today’s ($58.72) stock price. Proto Labs has been the topic of 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Wednesday, August 31 by Dougherty & Company. Canaccord Genuity upgraded Proto Labs Inc (NYSE:PRLB) rating on Thursday, October 15. Canaccord Genuity has “Buy” rating and $75 price target. The rating was downgraded by Stephens on Friday, April 29 to “Equal-Weight”. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, August 26. The firm has “Outperform” rating given on Wednesday, May 11 by FBR Capital.

More notable recent Proto Labs Inc (NYSE:PRLB) news were published by: Fool.com which released: “Proto Labs Inc.’s Expenses Trumped Revenue Growth in Q2” on July 28, 2016, also Fool.com with their article: “Why Proto Labs Stock Is Crashing” published on April 28, 2016, Fool.com published: “Why Proto Labs Inc. Stock Jumped Nearly 15% in March” on April 06, 2016. More interesting news about Proto Labs Inc (NYSE:PRLB) were released by: Fool.com and their article: “Why Proto Labs Inc. Machined Gains on Thursday” published on February 04, 2016 as well as Fool.com‘s news article titled: “3 Reasons Proto Labs, Inc. Is Crushing 3D Systems and Stratasys in 2015” with publication date: December 05, 2015.

According to Zacks Investment Research, “Proto Labs, Inc. is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. It produces CNC machined and injection molded plastic parts. Proto Labs targets their services to product developers who use three-dimensional computer-aided design to develop products across a diverse range of end-markets. The Company has locations in the United States, the United Kingdom, Germany, Japan, Italy, France, and Spain. Proto Labs, Inc. is headquartered in Maple Plain, Minnesota.”

PRLB Company Profile

Proto Labs, Inc., incorporated on May 5, 1999, is an online and technology-enabled maker of on-demand three-dimensional (3D)-printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Firm makes parts for product developers and engineers across the world. The Firm utilizes injection molding, CNC machining and 3D printing to manufacture custom parts for its customers. The Firm targets its products to the product developers and engineers who use three-dimensional computer-aided design (3D CAD) software to design products across a range of end-markets. The Firm has activities in the United States, Europe and Japan.

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