Insider Buying: 3D Systems Co. (DDD) Director Purchases $56,648.30 in Stock

3D Systems Co. (NYSE:DDD) Director G Walter Loewenbaum II bought 6,430 shares of the company’s stock in a transaction on Friday, December 1st. The shares were purchased at an average cost of $8.81 per share, for a total transaction of $56,648.30. Following the transaction, the director now owns 1,013,207 shares in the company, valued at $8,926,353.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, December 4th, G Walter Loewenbaum II bought 40,500 shares of 3D Systems stock. The shares were purchased at an average cost of $8.94 per share, for a total transaction of $362,070.00.

3D Systems Co. (NYSE:DDD) traded down $0.22 during trading on Thursday, reaching $9.39. 2,722,500 shares of the company were exchanged, compared to its average volume of 2,703,188. 3D Systems Co. has a fifty-two week low of $7.92 and a fifty-two week high of $23.70. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.

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

Several brokerages have recently issued reports on DDD. Loop Capital restated a “hold” rating and set a $15.00 price target on shares of 3D Systems in a research note on Wednesday, August 9th. J P Morgan Chase & Co decreased their price target on shares of 3D Systems from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Canaccord Genuity restated a “neutral” rating on shares of 3D Systems in a research note on Wednesday, November 1st. Piper Jaffray Companies upgraded shares of 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 price target for the company in a research note on Monday, November 20th. Finally, Stifel Nicolaus restated a “hold” rating and set a $15.00 price target 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 assigned a hold rating and one has given a strong buy rating to the stock. 3D Systems has an average rating of “Hold” and a consensus target price of $12.97.

A number of institutional investors have recently added to or reduced their stakes in DDD. Teachers Advisors LLC grew its stake in 3D Systems by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 184,449 shares of the 3D printing company’s stock valued at $2,759,000 after buying an additional 4,514 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of 3D Systems by 4.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 39,007 shares of the 3D printing company’s stock valued at $729,000 after purchasing an additional 1,629 shares in the last quarter. LS Investment Advisors LLC grew its position in shares of 3D Systems by 20.0% during the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after purchasing an additional 1,452 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of 3D Systems by 4.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 28,200 shares of the 3D printing company’s stock valued at $527,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Aperio Group LLC grew its position in shares of 3D Systems by 14.2% during the 2nd quarter. Aperio Group LLC now owns 20,017 shares of the 3D printing company’s stock valued at $374,000 after purchasing an additional 2,488 shares in the last quarter. Institutional investors and hedge funds 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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