Nano Cap New Millennium Growth Fund L P Acquires New Position in Materialise NV $MTLS

Nano Cap New Millennium Growth Fund L P acquired a new stake in Materialise NV (NASDAQ:MTLS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 100,000 shares of the software maker’s stock, valued at approximately $555,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Rock Point Advisors LLC raised its stake in Materialise by 2.2% during the fourth quarter. Rock Point Advisors LLC now owns 1,005,491 shares of the software maker’s stock worth $5,580,000 after acquiring an additional 21,196 shares in the last quarter. Argos Wealth Advisors LLC acquired a new position in Materialise during the fourth quarter worth about $85,000. GAMMA Investing LLC raised its stake in Materialise by 123.8% during the fourth quarter. GAMMA Investing LLC now owns 9,869 shares of the software maker’s stock worth $55,000 after acquiring an additional 5,459 shares in the last quarter. Credit Agricole S A acquired a new position in Materialise during the third quarter worth about $2,166,000. Finally, Banque Transatlantique SA acquired a new position in Materialise during the third quarter worth about $86,000. 19.30% of the stock is owned by institutional investors.

Materialise Trading Up 2.8%

NASDAQ MTLS opened at $5.82 on Friday. The business’s 50-day moving average price is $5.27 and its two-hundred day moving average price is $5.53. Materialise NV has a 12 month low of $4.78 and a 12 month high of $6.80. The firm has a market capitalization of $343.79 million, a PE ratio of 29.10 and a beta of 1.28. The company has a current ratio of 2.42, a quick ratio of 2.24 and a debt-to-equity ratio of 0.18.

Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Tuesday, March 31st. The software maker reported $0.03 EPS for the quarter. Materialise had a return on equity of 4.05% and a net margin of 3.77%.The firm had revenue of $76.72 million for the quarter. On average, analysts expect that Materialise NV will post 0.16 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on MTLS. Cantor Fitzgerald set a $10.00 target price on Materialise and gave the stock an “overweight” rating in a research note on Friday, February 20th. Wall Street Zen cut Materialise from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Materialise presently has a consensus rating of “Hold” and an average price target of $10.00.

Materialise Profile

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.