Y Intercept Hong Kong Ltd Invests $252,000 in 3D Systems Co. (NYSE:DDD)

Y Intercept Hong Kong Ltd acquired a new position in shares of 3D Systems Co. (NYSE:DDD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 88,707 shares of the 3D printing company’s stock, valued at approximately $252,000. Y Intercept Hong Kong Ltd owned about 0.07% of 3D Systems at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DDD. Point72 DIFC Ltd bought a new position in 3D Systems in the 3rd quarter valued at about $25,000. Murchinson Ltd. bought a new position in 3D Systems in the 3rd quarter valued at about $28,000. HighTower Advisors LLC bought a new position in 3D Systems in the 3rd quarter valued at about $31,000. Inspire Investing LLC bought a new position in 3D Systems in the 2nd quarter valued at about $35,000. Finally, Ballentine Partners LLC bought a new position in 3D Systems in the 3rd quarter valued at about $36,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Lake Street Capital lowered their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Loop Capital lowered their target price on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Craig Hallum raised shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Performance

Shares of 3D Systems stock opened at $3.58 on Thursday. 3D Systems Co. has a fifty-two week low of $1.72 and a fifty-two week high of $6.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The firm has a market capitalization of $485.52 million, a P/E ratio of -0.90 and a beta of 1.64. The company’s 50 day moving average price is $3.19 and its two-hundred day moving average price is $3.08.

Insider Buying and Selling at 3D Systems

In related news, CEO Jeffrey A. Graves bought 60,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, valued at approximately $4,203,360.70. This represents a 5.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the transaction, the executive vice president now owns 331,955 shares in the company, valued at approximately $1,281,346.30. This trade represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

3D Systems Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.