Clearline Capital LP Lowers Stock Position in Nano Dimension Ltd. $NNDM

Clearline Capital LP cut its stake in shares of Nano Dimension Ltd. (NASDAQ:NNDM) by 70.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 owned about 0.91% of Nano Dimension worth $2,955,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Nano Dimension by 2,278.5% during the fourth quarter. State Street Corp now owns 10,362,517 shares of the technology company’s stock valued at $15,958,000 after acquiring an additional 9,926,849 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Nano Dimension by 67.3% during the third quarter. Ameriprise Financial Inc. now owns 4,767,833 shares of the technology company’s stock valued at $7,485,000 after acquiring an additional 1,918,091 shares in the last quarter. ARK Investment Management LLC increased its holdings in shares of Nano Dimension by 8.9% during the third quarter. ARK Investment Management LLC now owns 1,935,939 shares of the technology company’s stock valued at $3,039,000 after acquiring an additional 158,094 shares in the last quarter. Peapod Lane Capital LLC increased its holdings in shares of Nano Dimension by 14.7% during the fourth quarter. Peapod Lane Capital LLC now owns 1,760,516 shares of the technology company’s stock valued at $2,711,000 after acquiring an additional 225,491 shares in the last quarter. Finally, Man Group plc increased its holdings in shares of Nano Dimension by 16.9% during the third quarter. Man Group plc now owns 834,568 shares of the technology company’s stock valued at $1,310,000 after acquiring an additional 120,434 shares in the last quarter. 33.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Nano Dimension Stock Performance

NASDAQ NNDM opened at $1.34 on Thursday. Nano Dimension Ltd. has a one year low of $1.19 and a one year high of $2.32. 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 capitalization of $284.70 million, a price-to-earnings ratio of -3.05 and a beta of 0.99.

Nano Dimension (NASDAQ:NNDM) last released its quarterly earnings data 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.

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.