Capital Impact Advisors LLC Makes New $62,000 Investment in Materialise NV (NASDAQ:MTLS)

Capital Impact Advisors LLC bought a new stake in Materialise NV (NASDAQ:MTLS – Get Rating) during the 3rd quarter, HoldingsChannel reports. The fund bought 6,127 shares of the software maker’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC acquired a new stake in Materialise in the first quarter valued at about $405,000. Renaissance Technologies LLC raised its stake in shares of Materialise by 176.9% during the 1st quarter. Renaissance Technologies LLC now owns 40,700 shares of the software maker’s stock worth $788,000 after buying an additional 26,000 shares in the last quarter. State Street Corp lifted its holdings in shares of Materialise by 4.1% in the 1st quarter. State Street Corp now owns 140,535 shares of the software maker’s stock valued at $2,719,000 after buying an additional 5,507 shares during the period. Royal Bank of Canada boosted its stake in shares of Materialise by 231.2% in the first quarter. Royal Bank of Canada now owns 15,381 shares of the software maker’s stock valued at $298,000 after buying an additional 10,737 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Materialise during the first quarter worth $139,000. Hedge funds and other institutional investors own 31.88% of the company’s stock.

Analyst Ratings Changes

MTLS has been the subject of a number of recent analyst reports. Lake Street Capital reduced their target price on Materialise from $19.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, February 15th. StockNews.com assumed coverage on shares of Materialise in a research report on Thursday. They set a “hold” rating on the stock. Finally, TheStreet cut shares of Materialise from a “c-” rating to a “d+” rating in a report on Monday, March 6th.

Materialise Stock Performance

Shares of MTLS opened at $7.71 on Friday. The company has a 50-day moving average of $9.29 and a two-hundred day moving average of $9.91. The stock has a market cap of $455.35 million, a P/E ratio of -192.75 and a beta of 0.80. Materialise NV has a 12-month low of $7.51 and a 12-month high of $21.50. The company has a current ratio of 2.04, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24.

Materialise (NASDAQ:MTLS – Get Rating) last posted its earnings results on Tuesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.12). The company had revenue of $66.88 million during the quarter, compared to analysts’ expectations of $64.55 million. Materialise had a negative net margin of 0.99% and a negative return on equity of 0.97%. As a group, research analysts predict that Materialise NV will post 0.06 EPS for the current fiscal year.

About Materialise

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Materialise NV is engaged in the provision of additive manufacturing software and 3D printing services. It operates through the following segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers proprietary software worldwide through programs and platforms that enable companies to set up reliable and sustainable 3D printing production.