Nano Dimension Ltd. $NNDM Shares Acquired by ARK Investment Management LLC

Key Points

• ARK Investment Management LLC increased its stake in Nano Dimension Ltd. by 23.6%, now holding approximately 1,777,845 shares valued at about $2.88 million.
• Institutional investors collectively own 33.89% of Nano Dimension, with several firms like Rhumbline Advisers and Credit Agricole S A significantly boosting their positions.
• Despite recent institutional interest, Nano Dimension stock is experiencing a decline, with analysts rating it as a "Sell" and its stock price currently at $1.70.

ARK Investment Management LLC boosted its stake in shares of Nano Dimension Ltd. (NASDAQ:NNDM - Free Report) by 23.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,777,845 shares of the technology company's stock after purchasing an additional 339,437 shares during the quarter. ARK Investment Management LLC owned approximately 0.82% of Nano Dimension worth $2,880,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NNDM. Rhumbline Advisers boosted its position in Nano Dimension by 87.1% during the 1st quarter. Rhumbline Advisers now owns 40,587 shares of the technology company's stock valued at $65,000 after purchasing an additional 18,889 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Nano Dimension during the 1st quarter worth $842,000. Invesco Ltd. acquired a new position in Nano Dimension during the 1st quarter worth $63,000. Virtu Financial LLC boosted its position in Nano Dimension by 40.1% during the 1st quarter. Virtu Financial LLC now owns 128,852 shares of the technology company's stock worth $205,000 after acquiring an additional 36,867 shares during the period. Finally, Credit Agricole S A lifted its holdings in shares of Nano Dimension by 32.0% in the first quarter. Credit Agricole S A now owns 412,500 shares of the technology company's stock valued at $656,000 after buying an additional 100,000 shares during the period. Institutional investors and hedge funds own 33.89% of the company's stock.

Nano Dimension Stock Down 5.0%

Shares of Nano Dimension stock opened at $1.70 on Thursday. The stock's fifty day moving average is $1.54 and its 200-day moving average is $1.52. The firm has a market capitalization of $371.21 million, a PE ratio of -1.65 and a beta of 1.64. Nano Dimension Ltd. has a 12-month low of $1.31 and a 12-month high of $2.74.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Nano Dimension in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Nano Dimension presently has a consensus rating of "Sell".

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.

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