Inspire Advisors LLC Purchases 6,917 Shares of 3D Systems Co. (NYSE:DDD)

Inspire Advisors LLC increased its position in 3D Systems Co. (NYSE:DDD) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,725 shares of the 3D printing company’s stock after buying an additional 6,917 shares during the quarter. Inspire Advisors LLC owned 0.05% of 3D Systems worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DDD. Point72 DIFC Ltd bought a new stake in 3D Systems in the 3rd quarter worth approximately $25,000. Murchinson Ltd. bought a new stake in 3D Systems in the third quarter valued at approximately $28,000. HighTower Advisors LLC bought a new stake in 3D Systems in the third quarter valued at approximately $31,000. Blue Trust Inc. lifted its position in 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares during the last quarter. Finally, Creative Planning bought a new stake in 3D Systems in the third quarter valued at approximately $43,000. Institutional investors own 64.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DDD. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research report on Friday, March 7th. Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.25.

Insider Activity

In related news, EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the sale, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Graves purchased 60,000 shares of 3D Systems stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

3D Systems Price Performance

DDD opened at $2.75 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. 3D Systems Co. has a 52-week low of $1.72 and a 52-week high of $5.00. The stock has a market capitalization of $372.28 million, a PE ratio of -0.69 and a beta of 1.63. The stock’s 50 day moving average price is $3.65 and its 200-day moving average price is $3.20.

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.