Royce & Associates LP Purchases 62,000 Shares of Velo3D, Inc. (NYSE:VLD)

Royce & Associates LP raised its position in shares of Velo3D, Inc. (NYSE:VLD – Get Rating) by 62.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,000 shares of the company’s stock after acquiring an additional 62,000 shares during the quarter. Royce & Associates LP owned about 0.09% of Velo3D worth $1,508,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of VLD. Taylor Frigon Capital Management LLC raised its holdings in shares of Velo3D by 1.7% during the first quarter. Taylor Frigon Capital Management LLC now owns 256,171 shares of the company’s stock valued at $2,385,000 after purchasing an additional 4,168 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Velo3D in the 1st quarter worth about $120,000. Ieq Capital LLC acquired a new stake in shares of Velo3D in the 4th quarter worth about $107,000. Connable Office Inc. acquired a new stake in shares of Velo3D in the 4th quarter worth about $124,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Velo3D in the 4th quarter worth about $146,000. Institutional investors own 56.38% of the company’s stock.

Velo3D Trading Up 1.1 %

VLD opened at $3.71 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.45 and a quick ratio of 3.69. The firm has a market capitalization of $682.12 million, a PE ratio of -0.90 and a beta of 5.26. Velo3D, Inc. has a fifty-two week low of $1.28 and a fifty-two week high of $13.18. The company’s 50-day moving average is $2.23 and its 200 day moving average is $4.68.

Velo3D (NYSE:VLD – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The business had revenue of $12.22 million for the quarter, compared to analysts’ expectations of $15.28 million. As a group, research analysts predict that Velo3D, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC lowered their target price on shares of Velo3D from $15.00 to $6.00 in a report on Wednesday, May 11th.

Velo3D Company Profile

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Velo3D, Inc produces metal additive three dimensional printers in the United States and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high value metal parts, which it sells or leases to customers for use in their businesses.