ARK Investment Management LLC Lowers Position in Nano Dimension Ltd. (NASDAQ:NNDM)

Key Points

• ARK Investment Management LLC reduced its stake in Nano Dimension Ltd. by 11.9%, selling 193,958 shares during the first quarter, bringing its total ownership to 1,438,408 shares valued at approximately $2.29 million.
• Institutional investors collectively own 33.89% of Nano Dimension's stock, with significant acquisitions occurring during the fourth quarter, including a notable 11,600.8% increase in holdings by Headlands Technologies LLC.
• Nano Dimension reported a net loss of ($0.11) earnings per share and a negative net margin of 144.35% for its most recent quarter, reflecting ongoing financial challenges despite a quarterly revenue of $14.40 million.

ARK Investment Management LLC lowered its stake in shares of Nano Dimension Ltd. (NASDAQ:NNDM - Free Report) by 11.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,438,408 shares of the technology company's stock after selling 193,958 shares during the quarter. ARK Investment Management LLC owned about 0.68% of Nano Dimension worth $2,287,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Insigneo Advisory Services LLC acquired a new stake in shares of Nano Dimension in the 4th quarter valued at about $25,000. OneDigital Investment Advisors LLC acquired a new position in Nano Dimension in the 4th quarter valued at $25,000. Tower Research Capital LLC TRC lifted its position in shares of Nano Dimension by 717.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,831 shares of the technology company's stock worth $32,000 after acquiring an additional 11,261 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Nano Dimension during the 4th quarter valued at about $33,000. Finally, Headlands Technologies LLC raised its stake in shares of Nano Dimension by 11,600.8% in the fourth quarter. Headlands Technologies LLC now owns 15,211 shares of the technology company's stock worth $38,000 after acquiring an additional 15,081 shares during the last quarter. 33.89% of the stock is currently owned by institutional investors and hedge funds.

Nano Dimension Stock Up 1.8%

Nano Dimension stock traded up $0.03 during mid-day trading on Wednesday, hitting $1.43. 635,295 shares of the stock were exchanged, compared to its average volume of 2,093,280. The firm's fifty day simple moving average is $1.52 and its two-hundred day simple moving average is $1.81. The stock has a market capitalization of $309.62 million, a price-to-earnings ratio of -3.56 and a beta of 1.13. Nano Dimension Ltd. has a 12 month low of $1.34 and a 12 month high of $2.74.

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

Analyst Upgrades and Downgrades

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

Nano Dimension Company Profile

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.