Penn Capital Management Company LLC Buys Shares of 1,589,700 3D Systems Co. (NYSE:DDD)

Penn Capital Management Company LLC purchased a new stake in 3D Systems Co. (NYSE:DDD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,589,700 shares of the 3D printing company's stock, valued at approximately $5,214,000. Penn Capital Management Company LLC owned about 1.17% of 3D Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Syon Capital LLC grew its holdings in 3D Systems by 46.5% during the fourth quarter. Syon Capital LLC now owns 26,556 shares of the 3D printing company's stock worth $87,000 after acquiring an additional 8,435 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of 3D Systems by 28.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 173,680 shares of the 3D printing company's stock worth $570,000 after purchasing an additional 37,976 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of 3D Systems in the 4th quarter valued at $168,000. MetLife Investment Management LLC raised its position in shares of 3D Systems by 65.0% in the fourth quarter. MetLife Investment Management LLC now owns 75,799 shares of the 3D printing company's stock worth $249,000 after acquiring an additional 29,852 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in 3D Systems by 67.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company's stock worth $46,000 after purchasing an additional 5,700 shares during the period. Hedge funds and other institutional investors own 64.49% of the company's stock.

3D Systems Price Performance

DDD traded down $0.06 during trading on Tuesday, reaching $1.89. The company's stock had a trading volume of 1,419,620 shares, compared to its average volume of 2,698,006. 3D Systems Co. has a 1 year low of $1.71 and a 1 year high of $5.00. The company has a market cap of $255.91 million, a price-to-earnings ratio of -0.47 and a beta of 1.81. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The firm has a fifty day simple moving average of $2.52 and a two-hundred day simple moving average of $3.12.

Analyst Ratings Changes

Several brokerages have recently weighed in on DDD. Cantor Fitzgerald reduced their target price on 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Monday. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research report on Friday, March 28th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $3.67.

3D Systems Company 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.