ARK Investment Management LLC Has $2.88 Million Holdings in Nano Dimension Ltd. $NNDM

ARK Investment Management LLC lifted its stake in shares of Nano Dimension Ltd. (NASDAQ:NNDM) by 23.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,777,845 shares of the technology company’s stock after acquiring an additional 339,437 shares during the quarter. ARK Investment Management LLC’s holdings in Nano Dimension were worth $2,880,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Clearline Capital LP boosted its stake in shares of Nano Dimension by 3.9% during the 1st quarter. Clearline Capital LP now owns 4,170,385 shares of the technology company’s stock worth $6,631,000 after acquiring an additional 157,136 shares in the last quarter. Immersion Corp bought a new stake in Nano Dimension during the 1st quarter valued at approximately $2,159,000. Y Intercept Hong Kong Ltd bought a new stake in Nano Dimension during the 1st quarter valued at approximately $842,000. MYDA Advisors LLC boosted its stake in Nano Dimension by 1,644.6% during the 1st quarter. MYDA Advisors LLC now owns 440,000 shares of the technology company’s stock valued at $700,000 after purchasing an additional 414,779 shares during the period. Finally, Credit Agricole S A boosted its stake in Nano Dimension by 32.0% during the 1st quarter. Credit Agricole S A now owns 412,500 shares of the technology company’s stock valued at $656,000 after purchasing an additional 100,000 shares during the period. Institutional investors own 33.89% of the company’s stock.

Nano Dimension Stock Down 5.0%

Nano Dimension stock opened at $1.70 on Thursday. The business has a 50 day moving average price of $1.54 and a two-hundred day moving average price of $1.52. The stock has a market cap of $371.21 million, a price-to-earnings ratio of -1.65 and a beta of 1.64. Nano Dimension Ltd. has a 12 month low of $1.31 and a 12 month high of $2.74.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Nano Dimension in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Nano Dimension Profile

Nano Dimension Ltd., together with its subsidiaries, engages in additive manufacturing solutions in Israel and internationally. The company offers 3D printers, comprising AME systems, which are inkjet printers, that produces Hi-PEDs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components; micro additive manufacturing systems, a digital light processing printers (DLP) that achieves production-grade polymer and composite parts; and industrial additive manufacturing systems, that utilizes a patented foil system that fabricates ceramic and metal parts.