G Walter Loewenbaum II Acquires 40,500 Shares of 3D Systems Co. (DDD) Stock

3D Systems Co. (NYSE:DDD) Director G Walter Loewenbaum II acquired 40,500 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was bought at an average price of $8.94 per share, with a total value of $362,070.00. Following the purchase, the director now directly owns 1,053,707 shares in the company, valued at approximately $9,420,140.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

G Walter Loewenbaum II also recently made the following trade(s):

  • On Friday, December 1st, G Walter Loewenbaum II acquired 6,430 shares of 3D Systems stock. The stock was bought at an average price of $8.81 per share, with a total value of $56,648.30.

Shares of 3D Systems Co. (NYSE:DDD) opened at $9.39 on Thursday. 3D Systems Co. has a 52 week low of $7.92 and a 52 week high of $23.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 1.94.

3D Systems (NYSE:DDD) last posted its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The business had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $162.22 million. 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. 3D Systems’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. analysts anticipate that 3D Systems Co. will post -0.3 earnings per share for the current fiscal year.

DDD has been the subject of several recent research reports. Deutsche Bank reiterated a “hold” rating and issued a $15.00 price objective (down previously from $16.00) on shares of 3D Systems in a research note on Wednesday, August 9th. Loop Capital reiterated a “hold” rating and issued a $15.00 price objective on shares of 3D Systems in a research note on Wednesday, August 9th. ValuEngine cut 3D Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Jefferies Group reiterated a “hold” rating and issued a $17.00 price objective on shares of 3D Systems in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 price objective on shares of 3D Systems in a research note on Wednesday, October 4th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.97.

A number of hedge funds have recently bought and sold shares of DDD. Teachers Advisors LLC lifted its stake in 3D Systems by 2.5% during the first quarter. Teachers Advisors LLC now owns 184,449 shares of the 3D printing company’s stock worth $2,759,000 after purchasing an additional 4,514 shares during the last quarter. LS Investment Advisors LLC lifted its stake in 3D Systems by 20.0% during the second quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock worth $163,000 after purchasing an additional 1,452 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in 3D Systems by 4.1% during the second quarter. Louisiana State Employees Retirement System now owns 28,200 shares of the 3D printing company’s stock worth $527,000 after purchasing an additional 1,100 shares during the last quarter. Aperio Group LLC increased its position in 3D Systems by 14.2% during the second quarter. Aperio Group LLC now owns 20,017 shares of the 3D printing company’s stock worth $374,000 after buying an additional 2,488 shares during the period. Finally, State Treasurer State of Michigan increased its position in 3D Systems by 2.1% during the second quarter. State Treasurer State of Michigan now owns 44,600 shares of the 3D printing company’s stock worth $834,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 60.55% of the company’s stock.

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About 3D Systems

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

Insider Buying and Selling by Quarter for 3D Systems (NYSE:DDD)

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