Sigma Labs Inc. (NASDAQ:SGLB) Major Shareholder Carl I. Schwartz Buys 400,000 Shares

Sigma Labs Inc. (NASDAQ:SGLB) major shareholder Carl I. Schwartz acquired 400,000 shares of Sigma Labs stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average cost of $1.40 per share, for a total transaction of $560,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of SGLB opened at $0.74 on Friday. Sigma Labs Inc. has a twelve month low of $0.59 and a twelve month high of $2.58. The firm’s 50 day moving average price is $1.03 and its two-hundred day moving average price is $1.42. The firm has a market cap of $10.20 million, a P/E ratio of -0.91 and a beta of 0.02.

An institutional investor recently bought a new position in Sigma Labs stock. Geode Capital Management LLC purchased a new stake in Sigma Labs Inc. (NASDAQ:SGLB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,951 shares of the company’s stock, valued at approximately $37,000. Geode Capital Management LLC owned approximately 0.29% of Sigma Labs as of its most recent filing with the Securities and Exchange Commission (SEC). 6.06% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on SGLB. Zacks Investment Research lowered shares of Sigma Labs from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Aegis began coverage on shares of Sigma Labs in a research note on Friday, August 16th. They set a “buy” rating and a $2.00 price objective on the stock.

Sigma Labs Company Profile

Sigma Labs, Inc develops and commercializes manufacturing and materials technologies. It offers PrintRite3D quality assurance software apps primarily for 3D printing and additive manufacturing industries. The company's products are used in advanced manufacturing technologies to assure part quality in real time as the part is being made and enhance process control practices.

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