Tactive Advisors LLC Sells 517,761 Shares of Nano Dimension Ltd. $NNDM

Tactive Advisors LLC trimmed its holdings in Nano Dimension Ltd. (NASDAQ:NNDM) by 90.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 52,429 shares of the technology company’s stock after selling 517,761 shares during the period. Tactive Advisors LLC’s holdings in Nano Dimension were worth $76,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in NNDM. Invesco Ltd. bought a new stake in Nano Dimension in the 1st quarter valued at $63,000. Cubist Systematic Strategies LLC bought a new position in Nano Dimension during the first quarter worth $130,000. Rhumbline Advisers boosted its position in Nano Dimension by 87.1% during the first quarter. Rhumbline Advisers now owns 40,587 shares of the technology company’s stock worth $65,000 after purchasing an additional 18,889 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Nano Dimension by 11,544.3% in the second quarter. JPMorgan Chase & Co. now owns 143,458 shares of the technology company’s stock valued at $232,000 after purchasing an additional 142,226 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Nano Dimension by 444.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 283,105 shares of the technology company’s stock valued at $459,000 after purchasing an additional 231,069 shares during the last quarter. 33.89% of the stock is owned by institutional investors and hedge funds.

Nano Dimension Stock Performance

Nano Dimension stock opened at $1.63 on Monday. The company has a market capitalization of $346.31 million, a price-to-earnings ratio of -3.70 and a beta of 1.01. Nano Dimension Ltd. has a 12 month low of $1.19 and a 12 month high of $2.32. The stock’s 50 day moving average is $1.49 and its 200-day moving average is $1.68.

Nano Dimension (NASDAQ:NNDM) last released its quarterly earnings results on Thursday, August 6th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.04. The business had revenue of $28.96 million during the quarter, compared to analysts’ expectations of $5.50 million. Nano Dimension had a negative return on equity of 24.17% and a negative net margin of 135.18%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Dimension in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Nano Dimension Profile

Nano Dimension Ltd. (NASDAQ: NNDM) is a provider of advanced additive manufacturing solutions tailored for the electronics industry. Founded in 2012 and headquartered in Ness Ziona, Israel, the company develops integrated hardware, software and material platforms designed to accelerate the design and production of printed circuit boards (PCBs) and conformal electronic devices. Its flagship DragonFly printers use patented inkjet-based 3D printing technology to produce multi-layer PCB prototypes in a single build process, reducing lead times and enabling rapid design iterations.

In addition to its 3D printing systems, Nano Dimension offers a suite of proprietary conductive and dielectric inks, as well as workflow software that connects designers, engineers and manufacturers.