Wealth Effects LLC Sells 14,620 Shares of 3D Systems Co. (NYSE:DDD)

Wealth Effects LLC reduced its stake in shares of 3D Systems Co. (NYSE:DDD) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 315,200 shares of the 3D printing company’s stock after selling 14,620 shares during the period. Wealth Effects LLC owned approximately 0.23% of 3D Systems worth $1,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DDD. ARK Investment Management LLC lifted its stake in 3D Systems by 26.0% during the third quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock worth $11,015,000 after purchasing an additional 799,157 shares during the last quarter. Walleye Capital LLC boosted its stake in 3D Systems by 3,140.9% in the third quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock worth $1,445,000 after buying an additional 525,688 shares in the last quarter. Weiss Asset Management LP bought a new position in 3D Systems during the third quarter valued at approximately $1,143,000. XTX Topco Ltd raised its stake in shares of 3D Systems by 1,844.0% during the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after acquiring an additional 341,308 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC lifted its holdings in shares of 3D Systems by 32.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after acquiring an additional 302,484 shares during the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at 3D Systems

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

3D Systems Stock Up 4.0 %

NYSE DDD opened at $4.00 on Tuesday. The business’s 50-day moving average is $3.29 and its 200 day moving average is $3.05. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems Co. has a 1 year low of $1.72 and a 1 year high of $5.75.

3D Systems (NYSE:DDD) last posted its earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. As a group, sell-side analysts anticipate that 3D Systems Co. will post -0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DDD has been the topic of several recent research reports. Craig Hallum raised shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Weiss Ratings restated a “sell (e+)” rating on shares of 3D Systems in a research report on Saturday, January 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, 3D Systems presently has a consensus rating of “Hold” and a consensus target price of $3.25.

About 3D Systems

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.