Here’s Why Conestoga Capital Advisors Sold Proto Labs Inc. (PRLB)
Conestoga Capital Advisors, a boutique, independent investment management firm, published its fourth-quarter 2020 ‘Small Cap Growth & SMid Cap Growth’ Investor Letter – a copy of which can be downloaded here. A net return of 31% was recorded by Conestoga’s Small Cap Growth fund and 19.72% return by its SMid Cap Growth Fund for the the end year 2020. Both performed below their Russell 2000 Growth and Russell 2500 Growth benchmarks that delivered a 34.63% and 25.89% return respectively. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Conestoga Capital Advisors, in their Q4 2020 investor letter, emphasized that they sold their position in Proto Labs, Inc. (NYSE: PRLB) last year. Proto Labs, Inc. is a Minnesota-based digital manufacturing company that offers low-volume 3D printed custom parts for prototyping purposes. It currently has a $3.6 billion market capitalization. Si