Inspire Advisors LLC Raises Stock Holdings in 3D Systems Co. (NYSE:DDD)

Inspire Advisors LLC raised its stake in 3D Systems Co. (NYSE:DDD) by 10.5% during the fourth quarter, HoldingsChannel reports. The fund owned 72,725 shares of the 3D printing company’s stock after buying an additional 6,917 shares during the period. Inspire Advisors LLC’s holdings in 3D Systems were worth $239,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in shares of 3D Systems in the third quarter worth $25,000. Murchinson Ltd. purchased a new stake in shares of 3D Systems in the third quarter worth $28,000. HighTower Advisors LLC purchased a new stake in shares of 3D Systems in the third quarter worth $31,000. Blue Trust Inc. grew its stake in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after acquiring an additional 8,050 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of 3D Systems in the third quarter worth $43,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DDD has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Craig Hallum raised 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 report on Thursday, November 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a report on Friday, March 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.25.

3D Systems Trading Down 0.5 %

Shares of NYSE:DDD opened at $2.75 on Thursday. The stock has a market capitalization of $372.28 million, a price-to-earnings ratio of -0.69 and a beta of 1.63. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The stock’s 50-day simple moving average is $3.65 and its two-hundred day simple moving average is $3.20. 3D Systems Co. has a 52-week low of $1.72 and a 52-week high of $5.00.

Insiders Place Their Bets

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the transaction, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at approximately $1,281,346.30. This trade represents a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Graves bought 60,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost 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. The trade was a 5.82 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

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.