Russell Investments Group Ltd. Raises Stock Position in DMC Global Inc. (NASDAQ:BOOM)

Russell Investments Group Ltd. boosted its stake in shares of DMC Global Inc. (NASDAQ:BOOM - Free Report) by 18,343.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,856 shares of the industrial products company's stock after acquiring an additional 53,564 shares during the period. Russell Investments Group Ltd. owned 0.27% of DMC Global worth $396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BOOM. JPMorgan Chase & Co. boosted its position in shares of DMC Global by 92.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company's stock valued at $1,236,000 after acquiring an additional 45,722 shares during the last quarter. Barclays PLC raised its stake in DMC Global by 291.0% during the third quarter. Barclays PLC now owns 26,741 shares of the industrial products company's stock valued at $347,000 after purchasing an additional 19,901 shares in the last quarter. State Street Corp lifted its position in DMC Global by 2.7% during the third quarter. State Street Corp now owns 402,644 shares of the industrial products company's stock valued at $5,226,000 after purchasing an additional 10,561 shares during the last quarter. Hunter Associates Investment Management LLC grew its stake in shares of DMC Global by 19.1% in the 4th quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company's stock worth $3,078,000 after buying an additional 67,410 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of DMC Global by 7.4% in the 4th quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock worth $175,000 after buying an additional 1,654 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BOOM shares. Stifel Nicolaus lowered their price objective on DMC Global from $9.50 to $9.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. StockNews.com upgraded DMC Global from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th.

DMC Global Stock Up 3.3 %

NASDAQ:BOOM traded up $0.22 during mid-day trading on Friday, reaching $6.82. The company's stock had a trading volume of 352,367 shares, compared to its average volume of 251,728. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. DMC Global Inc. has a 1 year low of $6.02 and a 1 year high of $16.81. The stock has a fifty day moving average of $7.73 and a 200-day moving average of $8.25. The firm has a market capitalization of $140.16 million, a PE ratio of -0.86 and a beta of 1.41.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The industrial products company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.29) by $0.38. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The business had revenue of $152.37 million during the quarter, compared to analyst estimates of $140.50 million. Equities research analysts forecast that DMC Global Inc. will post -0.23 earnings per share for the current year.

DMC Global Profile

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.