Penn Capital Management Company LLC Makes New $5.21 Million Investment in 3D Systems Co. (NYSE:DDD)

Penn Capital Management Company LLC acquired a new position in shares of 3D Systems Co. (NYSE:DDD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,589,700 shares of the 3D printing company's stock, valued at approximately $5,214,000. Penn Capital Management Company LLC owned 1.17% of 3D Systems as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock worth $33,000 after purchasing an additional 8,050 shares during the period. HighTower Advisors LLC acquired a new stake in shares of 3D Systems in the 3rd quarter valued at about $31,000. Cibc World Markets Corp bought a new stake in 3D Systems in the 4th quarter valued at about $39,000. Canada Pension Plan Investment Board raised its stake in 3D Systems by 67.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company's stock worth $46,000 after buying an additional 5,700 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in 3D Systems in the fourth quarter worth approximately $57,000. Institutional investors own 64.49% of the company's stock.

3D Systems Price Performance

Shares of NYSE DDD remained flat at $1.94 during trading on Friday. 1,336,192 shares of the stock traded hands, compared to its average volume of 2,704,321. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The company's 50 day moving average price is $2.57 and its two-hundred day moving average price is $3.12. 3D Systems Co. has a 12-month low of $1.71 and a 12-month high of $5.00. The firm has a market capitalization of $262.94 million, a P/E ratio of -0.49 and a beta of 1.81.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DDD. Cantor Fitzgerald lowered their target price on 3D Systems from $5.75 to $5.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a research note on Thursday. Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a research report on Friday, March 28th. Finally, StockNews.com cut shares of 3D Systems from a "hold" rating to a "sell" rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, 3D Systems has an average rating of "Hold" and a consensus target price of $3.67.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.