Olympiad Research LP Makes New Investment in Desktop Metal, Inc. (NYSE:DM)

Olympiad Research LP purchased a new position in Desktop Metal, Inc. (NYSE:DM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 101,833 shares of the pipeline company’s stock, valued at approximately $476,000. Olympiad Research LP owned about 0.31% of Desktop Metal at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DM. Empowered Funds LLC purchased a new position in Desktop Metal in the first quarter worth about $45,000. SG Americas Securities LLC grew its position in shares of Desktop Metal by 4,740.2% during the 1st quarter. SG Americas Securities LLC now owns 954,349 shares of the pipeline company’s stock valued at $840,000 after acquiring an additional 934,632 shares during the period. Keating Investment Counselors Inc. purchased a new stake in shares of Desktop Metal in the 1st quarter worth $72,000. Price T Rowe Associates Inc. MD raised its holdings in Desktop Metal by 66.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 397,277 shares of the pipeline company’s stock worth $350,000 after purchasing an additional 158,872 shares during the period. Finally, Levin Capital Strategies L.P. purchased a new position in Desktop Metal during the first quarter valued at $35,000. 56.31% of the stock is owned by institutional investors.

Desktop Metal Stock Performance

Shares of DM opened at $4.75 on Thursday. The business has a 50-day simple moving average of $4.71 and a two-hundred day simple moving average of $5.13. The company has a quick ratio of 1.02, a current ratio of 2.34 and a debt-to-equity ratio of 1.56. Desktop Metal, Inc. has a 52 week low of $3.62 and a 52 week high of $11.80. The stock has a market cap of $158.37 million, a price-to-earnings ratio of -0.43 and a beta of 0.60.

Desktop Metal Company Profile

Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.