On September 15, 2023, it was reported that Arete Wealth Advisors LLC had purchased a new position in Nano Dimension Ltd. (NASDAQ:NNDM) during the first quarter of this year. According to the company’s recent Form 13F filing with the Securities and Exchange Commission (SEC), Arete Wealth Advisors LLC acquired 321,944 shares of Nano Dimension’s stock, worth approximately $930,000. At the end of the reporting period, Arete Wealth Advisors LLC owned about 0.15% of Nano Dimension.
Nano Dimension is a technology company that specializes in providing additive electronics solutions both in Israel and internationally. The company offers a range of 3D printers for various applications. One of their flagship products is the DragonFly IV, which produces High-Performance Electronic Devices (Hi-PEDs) by depositing proprietary conductive and dielectric substances while also integrating various components such as capacitors, antennas, coils, transformers, and electromechanical parts.
In addition to their DragonFly series of printers, Nano Dimension also offers digital light processing printers (DLP). These DLP printers are capable of producing production-grade polymer and composite parts with high precision and quality.
The company’s portfolio also includes admaflex technology, which utilizes a patented DLP foil system to fabricate ceramic and metal parts. This technology expands Nano Dimension’s capabilities beyond just electronic components and allows them to cater to a wider range of industries that require advanced additive manufacturing solutions.
Despite this recent investment by Arete Wealth Advisors LLC in Nano Dimension’s stock, it’s important to note that the company posted some disappointing earnings results in its last quarterly report on August 21st. For the quarter, Nano Dimension reported an earnings per share (EPS) of ($0.04), indicating a loss. The business generated $14.74 million in revenue during the same period.
Furthermore, Nano Dimension experienced a negative return on equity of 12.06% along with a negative net margin of 273.14%. These financial figures suggest some challenges that the company may be facing in terms of profitability and efficiently utilizing its resources.
With its focus on additive electronics and advanced 3D printing technologies, Nano Dimension has positioned itself as a leader in the industry. However, it remains to be seen how the company will navigate the challenges it faces and turn its financial performance around.
As investors like Arete Wealth Advisors LLC continue to evaluate their investment strategies, keeping an eye on developments within Nano Dimension can provide insights into the future prospects of this technology company.
Updated on: 29/11/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
12:00 PM (UTC)
Date:29 November, 2023
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Recent Changes to Stakes in Nano Dimension (NNDM): Institutional Investors Increase Holdings
As of September 15, 2023, several hedge funds and institutional investors have made changes to their stakes in Nano Dimension (NNDM). Envestnet Asset Management Inc. increased its holdings in the technology company by 13.6% during the first quarter, now owning 48,556 shares valued at $173,000. Similarly, Vanguard Group Inc. raised its holdings by 11.7% during the same period, now possessing 158,487 shares worth $564,000. Renaissance Technologies LLC also experienced growth in its position with a staggering increase of 162.1% during the first quarter, owning 1,097,032 shares valued at $3,905,000.
UBS Group AG also witnessed growth in its position by 6.5% during the first quarter and now holds 480,124 shares valued at $1,709,000. Lastly, State Street Corp saw an increase of 8.6% in its position with 4,139,388 shares valued at $14,736,000.
These institutional investors collectively own approximately 35.26% of Nano Dimension’s stock.
On Friday’s opening day of trading on September 15th, Nano Dimension stock opened at $2.61 per share. The company currently has a market capitalization of $554.51 million with a price-to-earnings ratio of -4.75 and a beta of 1.82.
Over the past year (as indicated from September 2022 to September 2023), Nano Dimension’s stock has experienced fluctuations between a low of $2.06 per share and a high of $3.35 per share.
Nano Dimension Ltd.’s fifty-day moving average price is currently calculated at $2.97 per share while its two-hundred-day moving average price stands at $2.71 per share.
In separate news related to Nano Dimension’s stock, TheStreet recently upgraded its rating from a “d” to a “c-” in a research report released on Monday, July 17th.
For more detailed analysis on Nano Dimension’s stock and the latest updates, investors can refer to our comprehensive stock analysis reports.