Clearline Capital LP Sells 4,577,530 Shares of Nano Dimension Ltd. $NNDM

Clearline Capital LP trimmed its holdings in Nano Dimension Ltd. (NASDAQ:NNDM) by 70.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,918,977 shares of the technology company’s stock after selling 4,577,530 shares during the quarter. Clearline Capital LP’s holdings in Nano Dimension were worth $2,955,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NNDM. State Street Corp increased its holdings in Nano Dimension by 2,278.5% in the 4th quarter. State Street Corp now owns 10,362,517 shares of the technology company’s stock worth $15,958,000 after buying an additional 9,926,849 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Nano Dimension by 67.3% in the third quarter. Ameriprise Financial Inc. now owns 4,767,833 shares of the technology company’s stock worth $7,485,000 after purchasing an additional 1,918,091 shares during the last quarter. Peapod Lane Capital LLC boosted its position in Nano Dimension by 116.4% in the third quarter. Peapod Lane Capital LLC now owns 1,535,025 shares of the technology company’s stock worth $2,411,000 after purchasing an additional 825,713 shares during the last quarter. Two Sigma Investments LP boosted its position in Nano Dimension by 1,968.7% in the third quarter. Two Sigma Investments LP now owns 777,739 shares of the technology company’s stock worth $1,221,000 after purchasing an additional 740,143 shares during the last quarter. Finally, Caption Management LLC boosted its position in Nano Dimension by 154.0% in the second quarter. Caption Management LLC now owns 129,437 shares of the technology company’s stock worth $210,000 after purchasing an additional 369,000 shares during the last quarter. 33.89% of the stock is currently owned by institutional investors.

Nano Dimension Trading Up 8.9%

Shares of NASDAQ:NNDM opened at $1.34 on Thursday. The stock has a 50 day moving average of $1.66 and a 200 day moving average of $1.75. The company has a market cap of $284.70 million, a PE ratio of -3.05 and a beta of 0.99. Nano Dimension Ltd. has a 12-month low of $1.19 and a 12-month high of $2.32.

Nano Dimension (NASDAQ:NNDM) last posted its quarterly earnings results on Friday, May 8th. The technology company reported ($0.34) EPS for the quarter. Nano Dimension had a negative return on equity of 22.07% and a negative net margin of 286.72%.The business had revenue of $29.73 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Nano Dimension from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Nano Dimension

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.