MYDA Advisors LLC Boosts Stock Holdings in Nano Dimension Ltd. $NNDM

Key Points

• MYDA Advisors LLC significantly increased its stake in Nano Dimension Ltd. by 1,644.6% in Q1, owning 440,000 shares valued at approximately $700,000.
• Wall Street analysts upgraded Nano Dimension's rating from "sell" to "hold" on June 21st, indicating a change in sentiment towards the company's stock.
• Nano Dimension reported a quarterly EPS of ($0.11) and revenues of $14.40 million, with a negative net margin of 144.35% for the recent reporting period.

MYDA Advisors LLC grew its position in Nano Dimension Ltd. (NASDAQ:NNDM - Free Report) by 1,644.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 440,000 shares of the technology company's stock after buying an additional 414,779 shares during the period. MYDA Advisors LLC owned 0.21% of Nano Dimension worth $700,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Nano Dimension by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 500,526 shares of the technology company's stock valued at $1,241,000 after purchasing an additional 4,870 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of Nano Dimension by 50.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 30,000 shares of the technology company's stock valued at $47,000 after purchasing an additional 10,000 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Nano Dimension in the 4th quarter valued at approximately $25,000. Graham Capital Management L.P. raised its position in shares of 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 valued at $60,000 after purchasing an additional 10,539 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised 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 valued at $32,000 after purchasing an additional 11,261 shares during the last quarter. 33.89% of the stock is owned by hedge funds and other institutional investors.

Nano Dimension Price Performance

NNDM traded down $0.03 during trading on Tuesday, reaching $1.36. 784,358 shares of the company's stock were exchanged, compared to its average volume of 2,007,116. Nano Dimension Ltd. has a 1 year low of $1.31 and a 1 year high of $2.74. The stock has a market capitalization of $294.41 million, a P/E ratio of -3.39 and a beta of 1.30. The company's fifty day simple moving average is $1.46 and its 200-day simple moving average is $1.63.

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

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.

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.