321,944 Shares in Nano Dimension Ltd. (NASDAQ:NNDM) Acquired by Arete Wealth Advisors LLC

Posted by Defense World Staff on Sep 15th, 2023

Arete Wealth Advisors LLC bought a new position in shares of Nano Dimension Ltd. (NASDAQ:NNDM – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 321,944 shares of the technology company’s stock, valued at approximately $930,000. Arete Wealth Advisors LLC owned approximately 0.15% of Nano Dimension at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NNDM. Envestnet Asset Management Inc. raised its holdings in Nano Dimension by 13.6% during the first quarter. Envestnet Asset Management Inc. now owns 48,556 shares of the technology company’s stock worth $173,000 after purchasing an additional 5,807 shares in the last quarter. Vanguard Group Inc. raised its holdings in Nano Dimension by 11.7% during the first quarter. Vanguard Group Inc. now owns 158,487 shares of the technology company’s stock worth $564,000 after purchasing an additional 16,594 shares in the last quarter. Renaissance Technologies LLC grew its position in Nano Dimension by 162.1% in the first quarter. Renaissance Technologies LLC now owns 1,097,032 shares of the technology company’s stock worth $3,905,000 after buying an additional 678,505 shares during the last quarter. UBS Group AG grew its position in Nano Dimension by 6.5% in the first quarter. UBS Group AG now owns 480,124 shares of the technology company’s stock worth $1,709,000 after buying an additional 29,105 shares during the last quarter. Finally, State Street Corp grew its position in Nano Dimension by 8.6% in the first quarter. State Street Corp now owns 4,139,388 shares of the technology company’s stock worth $14,736,000 after buying an additional 329,039 shares during the last quarter. Institutional investors own 35.26% of the company’s stock.

Nano Dimension Stock Performance

Nano Dimension stock opened at $2.61 on Friday. The firm has a market cap of $554.51 million, a price-to-earnings ratio of -4.75 and a beta of 1.82. Nano Dimension Ltd. has a 1 year low of $2.06 and a 1 year high of $3.35. The firm’s 50 day moving average price is $2.97 and its two-hundred day moving average price is $2.71.

Nano Dimension (NASDAQ:NNDM – Get Free Report) last posted its quarterly earnings results on Monday, August 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $14.74 million during the quarter. Nano Dimension had a negative return on equity of 12.06% and a negative net margin of 273.14%.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Nano Dimension from a “d” rating to a “c-” rating in a research report on Monday, July 17th.

Get Our Latest Stock Analysis on Nano Dimension

Nano Dimension Profile

(Free Report)

Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. The company offers 3D printers, comprising DragonFly IV that produces Hi-PEDs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components; digital light processing printers (DLP) that achieves production-grade polymer and composite parts; and admaflex that utilizes a patented DLP foil system that fabricates ceramic and metal parts.