529,275 Shares in Nano Dimension Ltd. (NASDAQ:NNDM) Purchased by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd has acquired a new stake in Nano Dimension Ltd, purchasing 529,275 shares valued at approximately $842,000, giving them a 0.25% ownership in the company.
• Institutional investors collectively own 33.89% of Nano Dimension's stock, with several hedge funds increasing their stakes significantly in the last quarter.
• Nano Dimension reported a net loss with earnings per share of (0.11) during its most recent quarterly earnings, reflecting a negative return on equity of 9.90% and a revenue of $14.40 million.

Y Intercept Hong Kong Ltd acquired a new stake in shares of Nano Dimension Ltd. (NASDAQ:NNDM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 529,275 shares of the technology company's stock, valued at approximately $842,000. Y Intercept Hong Kong Ltd owned about 0.25% of Nano Dimension at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NNDM. Raymond James Financial Inc. bought a new position in shares of Nano Dimension during the fourth quarter valued at about $33,000. Teacher Retirement System of Texas grew its stake in shares of Nano Dimension by 137.6% during the fourth quarter. Teacher Retirement System of Texas now owns 50,211 shares of the technology company's stock valued at $125,000 after buying an additional 29,082 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Nano Dimension during the fourth quarter valued at about $228,000. KLP Kapitalforvaltning AS bought a new position in shares of Nano Dimension during the fourth quarter valued at about $77,000. Finally, EntryPoint Capital LLC grew its stake in shares of Nano Dimension by 128.2% during the fourth quarter. EntryPoint Capital LLC now owns 66,649 shares of the technology company's stock valued at $165,000 after buying an additional 37,439 shares during the last quarter. 33.89% of the stock is owned by institutional investors.

Nano Dimension Trading Down 4.5%

Shares of NASDAQ:NNDM traded down $0.07 on Tuesday, reaching $1.38. 1,420,546 shares of the company traded hands, compared to its average volume of 2,084,062. The stock has a market capitalization of $298.76 million, a P/E ratio of -3.46 and a beta of 1.13. Nano Dimension Ltd. has a 52 week low of $1.34 and a 52 week high of $2.74. The business's 50-day simple moving average is $1.53 and its 200 day simple moving average is $1.81.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Nano Dimension from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st.

Nano Dimension 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.