Materialise NV (NASDAQ:MTLS) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its stake in shares of Materialise NV (NASDAQ:MTLS) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,918 shares of the software maker’s stock after selling 21,773 shares during the quarter. GSA Capital Partners LLP’s holdings in Materialise were worth $767,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in Materialise by 6.9% during the first quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock worth $2,808,000 after acquiring an additional 34,543 shares during the period. Rock Point Advisors LLC grew its stake in shares of Materialise by 4.0% in the 2nd quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock worth $3,361,000 after purchasing an additional 25,637 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Materialise in the 3rd quarter worth approximately $124,000. Finally, Quintet Private Bank Europe S.A. lifted its stake in Materialise by 51.4% during the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock valued at $120,000 after purchasing an additional 7,459 shares during the last quarter. Institutional investors own 19.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Materialise from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 13th.

Materialise Trading Down 3.8 %

Shares of NASDAQ MTLS opened at $6.89 on Monday. The business has a fifty day simple moving average of $5.58 and a 200-day simple moving average of $5.38. The company has a market cap of $406.97 million, a price-to-earnings ratio of 36.26 and a beta of 1.11. Materialise NV has a 12 month low of $4.70 and a 12 month high of $7.56. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10.

Materialise Company Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.