3D Dives On Dilution Worries Tied To Stock Offering

3D Systems Corp.'s DDD stock offering may double its available cash for acquisitions, but the 6.6 percent implied dilution of shares appeared to pressure the stock Wednesday.

The three-dimensional printing company fell nearly 11 percent on concerns about the dilution as well as limited details about capital deployment, according to Goldman Sachs analyst analyst Samuel H. Eisner.

3D's latest offering was priced Wednesday at $53.28 a share and is expected to close May 30. It's the biggest of four separate similar rounds in the past three years, according to Eisner, who expects the company's net cash will total more than $600 million as a result, up from about $307 million currently.

Since December, 3D has announced seven acquisitions, while its largest buy to date, back in 2012, was ZCorp and Vidar together for a total of $137million.

Pacific Crest analyst Weston Twigg reiterated an outperform rating but cut his price target tp $59 from $65. Twigg suggested that investors wait for pullbacks before acquiring the shares.

3D closed Wednesday at $50.44, down from an opening of $53.31.