Penn Capital Management Company LLC Has $420,000 Holdings in 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 decreased its position in shares of 3D Systems Corporation (NYSE:DDD - Free Report) by 87.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DDD. Nuveen LLC bought a new stake in 3D Systems during the first quarter worth approximately $3,528,000. Two Sigma Advisers LP grew its position in 3D Systems by 553.9% in the fourth quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company's stock worth $4,712,000 after buying an additional 1,216,900 shares during the last quarter. Two Sigma Investments LP grew its position in 3D Systems by 172.2% in the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company's stock worth $4,894,000 after buying an additional 944,010 shares during the last quarter. BNP Paribas Financial Markets grew its position in 3D Systems by 975.3% in the fourth quarter. BNP Paribas Financial Markets now owns 503,027 shares of the 3D printing company's stock worth $1,650,000 after buying an additional 456,249 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in 3D Systems in the fourth quarter worth approximately $1,110,000. Institutional investors own 64.49% of the company's stock.

3D Systems Stock Down 4.8%

Shares of 3D Systems stock traded down $0.12 on Friday, hitting $2.30. 1,867,568 shares of the company traded hands, compared to its average volume of 3,650,903. The company has a 50-day moving average price of $1.80 and a 200 day moving average price of $2.18. The company has a quick ratio of 1.82, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. 3D Systems Corporation has a 12-month low of $1.32 and a 12-month high of $5.00. The company has a market cap of $294.33 million, a PE ratio of -1.75 and a beta of 1.92.

Analysts Set New Price Targets

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