JPMorgan Chase & Co. Acquires 45,722 Shares of DMC Global Inc. (NASDAQ:BOOM)

JPMorgan Chase & Co. lifted its holdings in shares of DMC Global Inc. (NASDAQ:BOOM - Free Report) by 92.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,205 shares of the industrial products company's stock after purchasing an additional 45,722 shares during the period. JPMorgan Chase & Co. owned 0.48% of DMC Global worth $1,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BOOM. Rhumbline Advisers boosted its position in shares of DMC Global by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company's stock valued at $461,000 after purchasing an additional 1,648 shares in the last quarter. American Century Companies Inc. boosted its holdings in DMC Global by 97.0% in the second quarter. American Century Companies Inc. now owns 52,979 shares of the industrial products company's stock worth $764,000 after acquiring an additional 26,085 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in DMC Global by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company's stock worth $15,219,000 after acquiring an additional 112,138 shares in the last quarter. Gabelli Funds LLC bought a new position in DMC Global in the second quarter worth approximately $224,000. Finally, Squarepoint Ops LLC boosted its holdings in DMC Global by 30.2% in the second quarter. Squarepoint Ops LLC now owns 111,644 shares of the industrial products company's stock worth $1,610,000 after acquiring an additional 25,921 shares in the last quarter. Institutional investors own 77.63% of the company's stock.

DMC Global Stock Performance

NASDAQ:BOOM remained flat at $7.31 during trading hours on Friday. The company's stock had a trading volume of 143,677 shares, compared to its average volume of 143,422. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average of $7.48 and a 200 day moving average of $10.44. DMC Global Inc. has a twelve month low of $6.64 and a twelve month high of $19.72. The firm has a market capitalization of $146.42 million, a PE ratio of -0.93 and a beta of 1.59.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.40). DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The firm had revenue of $152.43 million during the quarter, compared to analysts' expectations of $152.00 million. During the same period in the prior year, the business earned $0.50 earnings per share. On average, equities analysts expect that DMC Global Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stifel Nicolaus downgraded DMC Global from a "buy" rating to a "hold" rating and decreased their price target for the company from $16.00 to $8.00 in a research report on Wednesday, November 20th. StockNews.com downgraded DMC Global from a "hold" rating to a "sell" rating in a research report on Tuesday, December 24th.

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.