Immersion Corp Acquires New Shares in Nano Dimension Ltd. $NNDM

Key Points

• Immersion Corp acquired 1,358,052 shares of Nano Dimension Ltd. for approximately $2.16 million in the first quarter, making it the 7th largest holding in their portfolio.
• Several institutional investors have also increased their stakes in Nano Dimension, with notable increases from Kingswood Wealth Advisors and Tower Research Capital, reflecting growing interest in the company.
• Nano Dimension recently reported a quarterly revenue of $14.40 million, but continues to operate with negative margins and a loss per share of $0.11, indicating ongoing financial challenges.

Immersion Corp purchased a new position in Nano Dimension Ltd. (NASDAQ:NNDM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,358,052 shares of the technology company's stock, valued at approximately $2,159,000. Nano Dimension accounts for 1.3% of Immersion Corp's portfolio, making the stock its 7th biggest position. Immersion Corp owned 0.64% of Nano Dimension as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in NNDM. Tower Research Capital LLC TRC lifted its holdings in Nano Dimension by 717.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,831 shares of the technology company's stock valued at $32,000 after purchasing an additional 11,261 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Nano Dimension in the 4th quarter valued at about $33,000. Kingswood Wealth Advisors LLC boosted its stake in Nano Dimension by 50.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 30,000 shares of the technology company's stock worth $47,000 after purchasing an additional 10,000 shares in the last quarter. CSS LLC IL purchased a new position in shares of Nano Dimension during the 4th quarter valued at approximately $50,000. Finally, Graham Capital Management L.P. increased its holdings in Nano Dimension by 76.3% in the 4th quarter. Graham Capital Management L.P. now owns 24,356 shares of the technology company's stock worth $60,000 after acquiring an additional 10,539 shares in the last quarter. 33.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Nano Dimension from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st.

Nano Dimension Stock Performance

NASDAQ:NNDM remained flat at $1.36 during mid-day trading on Wednesday. The company's stock had a trading volume of 978,848 shares, compared to its average volume of 1,332,476. The stock's fifty day moving average price is $1.46 and its two-hundred day moving average price is $1.63. Nano Dimension Ltd. has a 12-month low of $1.31 and a 12-month high of $2.74. The company has a market cap of $295.50 million, a PE ratio of -3.40 and a beta of 1.29.

Nano Dimension (NASDAQ:NNDM - Get Free Report) last released its quarterly earnings data on Thursday, June 12th. The technology company reported ($0.11) earnings per share for the quarter. The firm had revenue of $14.40 million during the quarter. Nano Dimension had a negative net margin of 144.35% and a negative return on equity of 9.90%.

About Nano Dimension

Nano Dimension Ltd., together with its subsidiaries, engages in additive manufacturing solutions in Israel and internationally. The company offers 3D printers, comprising AME systems, which are inkjet printers, that produces Hi-PEDs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components; micro additive manufacturing systems, a digital light processing printers (DLP) that achieves production-grade polymer and composite parts; and industrial additive manufacturing systems, that utilizes a patented foil system that fabricates ceramic and metal parts.