Inspire Investing LLC Buys Shares of 107,397 Materialise NV (NASDAQ:MTLS)

Inspire Investing LLC bought a new stake in shares of Materialise NV (NASDAQ:MTLS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 107,397 shares of the software maker’s stock, valued at approximately $756,000. Inspire Investing LLC owned approximately 0.18% of Materialise at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC raised its stake in Materialise by 45.3% during the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock valued at $43,000 after acquiring an additional 2,473 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Materialise by 73.3% during the 4th quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock valued at $65,000 after purchasing an additional 3,875 shares during the period. Quintet Private Bank Europe S.A. increased its position in shares of Materialise by 51.4% during the 3rd 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 period. Disciplined Growth Investors Inc. MN increased its position in shares of Materialise by 0.5% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock valued at $8,777,000 after purchasing an additional 8,089 shares during the period. Finally, Quadrature Capital Ltd increased its position in shares of Materialise by 104.0% during the 3rd quarter. Quadrature Capital Ltd now owns 36,350 shares of the software maker’s stock valued at $199,000 after purchasing an additional 18,532 shares during the period. Institutional investors own 19.30% of the company’s stock.

Materialise Stock Up 4.9 %

NASDAQ:MTLS opened at $8.20 on Friday. The firm has a market capitalization of $484.37 million, a price-to-earnings ratio of 43.16 and a beta of 1.20. Materialise NV has a 1-year low of $4.70 and a 1-year high of $8.50. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The business’s fifty day moving average price is $7.56 and its 200 day moving average price is $6.24.

Wall Street Analysts Forecast Growth

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

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.