Signaturefd LLC Takes Position in FARO Technologies, Inc. (NASDAQ:FARO)

Signaturefd LLC purchased a new stake in FARO Technologies, Inc. (NASDAQ:FARO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,972 shares of the scientific and technical instruments company’s stock, valued at approximately $292,000. Signaturefd LLC owned approximately 0.07% of FARO Technologies as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FARO. Assenagon Asset Management S.A. increased its holdings in shares of FARO Technologies by 31.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 152,744 shares of the scientific and technical instruments company’s stock valued at $2,326,000 after purchasing an additional 36,532 shares in the last quarter. Barclays PLC grew its stake in FARO Technologies by 25.8% in the 3rd quarter. Barclays PLC now owns 9,554 shares of the scientific and technical instruments company’s stock valued at $146,000 after acquiring an additional 1,957 shares during the last quarter. Swiss National Bank grew its stake in FARO Technologies by 2.7% in the 3rd quarter. Swiss National Bank now owns 41,600 shares of the scientific and technical instruments company’s stock valued at $634,000 after acquiring an additional 1,100 shares during the last quarter. Keeley Teton Advisors LLC grew its stake in FARO Technologies by 13.9% in the 3rd quarter. Keeley Teton Advisors LLC now owns 23,000 shares of the scientific and technical instruments company’s stock valued at $350,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in FARO Technologies in the 3rd quarter valued at about $383,000. Hedge funds and other institutional investors own 97.19% of the company’s stock.

FARO Technologies Price Performance

Shares of NASDAQ FARO opened at $18.92 on Friday. FARO Technologies, Inc. has a 52 week low of $10.30 and a 52 week high of $24.80. The stock has a market cap of $358.91 million, a price-to-earnings ratio of -6.33 and a beta of 1.40. The company’s 50-day moving average price is $20.73 and its 200 day moving average price is $19.67. The company has a current ratio of 2.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.27.

FARO Technologies (NASDAQ:FARO) last released its quarterly earnings results on Tuesday, February 27th. The scientific and technical instruments company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.31. FARO Technologies had a negative net margin of 15.77% and a negative return on equity of 20.66%. The company had revenue of $98.84 million for the quarter.

Insiders Place Their Bets

In other news, VP Jeffrey D. Sexton sold 1,500 shares of FARO Technologies stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $20.06, for a total value of $30,090.00. Following the completion of the sale, the vice president now owns 27,706 shares of the company’s stock, valued at $555,782.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a “buy” rating and issued a $27.00 price objective on shares of FARO Technologies in a research note on Thursday, February 29th.

FARO Technologies Profile

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.