Penn Capital Management Company LLC Sells 1,391,508 Shares of 3D Systems Corporation $DDD

Key Points

• Penn Capital Management Company LLC significantly reduced its holdings in **3D Systems Corporation** by **87.5%**, selling **1,391,508 shares** and retaining only **198,192 shares** valued at approximately **$420,000**.
• Several institutional investors have increased their positions in 3D Systems, with **Nuveen LLC** investing **$3.5 million** and **BNP Paribas Financial Markets** increasing its stake by **975.3%** in the fourth quarter.
• As of the latest reports, 3D Systems has an average analyst rating of **"Hold"** with a consensus target price of **$3.67**, amidst mixed reviews from various investment firms.

Penn Capital Management Company LLC cut its holdings in 3D Systems Corporation (NYSE:DDD - Free Report) by 87.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 198,192 shares of the 3D printing company's stock after selling 1,391,508 shares during the period. Penn Capital Management Company LLC owned 0.15% of 3D Systems worth $420,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DDD. Nuveen LLC bought a new position in shares of 3D Systems in the first quarter worth about $3,528,000. Two Sigma Advisers LP increased its stake in 3D Systems by 553.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company's stock valued at $4,712,000 after acquiring an additional 1,216,900 shares during the period. Two Sigma Investments LP increased its stake in 3D Systems by 172.2% during the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company's stock valued at $4,894,000 after acquiring an additional 944,010 shares during the period. BNP Paribas Financial Markets increased its stake in 3D Systems by 975.3% during the fourth quarter. BNP Paribas Financial Markets now owns 503,027 shares of the 3D printing company's stock valued at $1,650,000 after acquiring an additional 456,249 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in 3D Systems during the fourth quarter valued at about $1,110,000. 64.49% of the stock is currently owned by institutional investors.

3D Systems Stock Up 3.7%

NYSE DDD opened at $2.0950 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.82 and a debt-to-equity ratio of 0.51. The stock's 50 day moving average is $1.75 and its two-hundred day moving average is $2.22. The company has a market capitalization of $268.68 million, a price-to-earnings ratio of -1.60 and a beta of 1.92. 3D Systems Corporation has a 1-year low of $1.32 and a 1-year high of $5.00.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research note on Thursday, August 14th. Wall Street Zen upgraded 3D Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Zacks Research upgraded 3D Systems to a "hold" rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, 3D Systems has an average rating of "Hold" and a consensus target price of $3.67.

3D Systems 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.

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