Inspire Investing LLC Purchases 124,547 Shares of 3D Systems Co. (NYSE:DDD)

Inspire Investing LLC grew its position in 3D Systems Co. (NYSE:DDD) by 822.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,685 shares of the 3D printing company’s stock after acquiring an additional 124,547 shares during the quarter. Inspire Investing LLC owned 0.10% of 3D Systems worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DDD. American Century Companies Inc. increased its stake in 3D Systems by 25.0% in the 2nd quarter. American Century Companies Inc. now owns 158,855 shares of the 3D printing company’s stock worth $488,000 after acquiring an additional 31,732 shares during the last quarter. XTX Topco Ltd bought a new stake in 3D Systems in the 2nd quarter worth approximately $57,000. Intech Investment Management LLC bought a new stake in 3D Systems in the 2nd quarter worth approximately $151,000. AE Wealth Management LLC bought a new stake in 3D Systems in the 2nd quarter worth approximately $47,000. Finally, Public Sector Pension Investment Board increased its position in shares of 3D Systems by 6.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 293,608 shares of the 3D printing company’s stock valued at $901,000 after purchasing an additional 16,710 shares during the last quarter. Institutional investors own 64.49% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of 3D Systems in a research report on Saturday, January 18th. Finally, StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, 3D Systems currently 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 $3.84 on Friday. The stock’s fifty day moving average is $3.27 and its two-hundred day moving average is $3.05. The company has a market capitalization of $521.05 million, a PE ratio of -0.97 and a beta of 1.61. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. 3D Systems Co. has a 52 week low of $1.72 and a 52 week high of $5.75.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) 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, analysts expect that 3D Systems Co. will post -0.73 earnings per share for the current year.

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.