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

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Sigma Labs Inc. (NASDAQ:SGLB) major shareholder Carl I. Schwartz acquired 400,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were bought at an average price of $1.40 per share, with a total value of $560,000.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ:SGLB opened at $0.75 on Thursday. Sigma Labs Inc. has a one year low of $0.59 and a one year high of $2.58. The stock has a fifty day moving average of $1.04 and a 200-day moving average of $1.43. The company has a market capitalization of $10.22 million, a PE ratio of -0.93 and a beta of 0.02.

SGLB has been the subject of a number of recent research reports. Zacks Investment Research downgraded Sigma Labs from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Aegis initiated coverage on Sigma Labs in a research report on Friday, August 16th. They set a “buy” rating and a $2.00 price objective for the company.

An institutional investor recently bought a new position in Sigma Labs stock. Geode Capital Management LLC bought a new stake in Sigma Labs Inc. (NASDAQ:SGLB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 SEC filing. Institutional investors and hedge funds own 6.06% of the company’s 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.

Further Reading: Why is cost of goods sold important?

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