Voss Capital LP increased its stake in DMC Global Inc. (NASDAQ:BOOM - Free Report) by 229.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,019,197 shares of the industrial products company's stock after buying an additional 709,413 shares during the period. Voss Capital LP owned about 5.09% of DMC Global worth $7,491,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in BOOM. JPMorgan Chase & Co. raised its stake in shares of DMC Global by 92.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company's stock valued at $1,236,000 after purchasing an additional 45,722 shares in the last quarter. Barclays PLC grew its position in shares of DMC Global by 291.0% in the 3rd quarter. Barclays PLC now owns 26,741 shares of the industrial products company's stock worth $347,000 after acquiring an additional 19,901 shares in the last quarter. State Street Corp increased its holdings in shares of DMC Global by 2.7% in the 3rd quarter. State Street Corp now owns 402,644 shares of the industrial products company's stock valued at $5,226,000 after acquiring an additional 10,561 shares during the last quarter. Hunter Associates Investment Management LLC lifted its stake in DMC Global by 19.1% during the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company's stock worth $3,078,000 after purchasing an additional 67,410 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in DMC Global by 7.4% in the fourth quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock worth $175,000 after purchasing an additional 1,654 shares during the period. 77.63% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Stifel Nicolaus dropped their target price on shares of DMC Global from $9.50 to $9.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. StockNews.com raised shares of DMC Global from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th.
Get Our Latest Stock Report on DMC Global
DMC Global Stock Performance
NASDAQ BOOM traded down $0.04 during trading hours on Wednesday, hitting $6.45. The company had a trading volume of 157,283 shares, compared to its average volume of 249,633. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. The firm has a market cap of $132.55 million, a P/E ratio of -0.82 and a beta of 1.41. DMC Global Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $17.14. The business has a fifty day simple moving average of $7.82 and a 200-day simple moving average of $8.38.
DMC Global (NASDAQ:BOOM - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The industrial products company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of ($0.29) by $0.38. The business had revenue of $152.37 million for the quarter, compared to analysts' expectations of $140.50 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. Equities analysts predict that DMC Global Inc. will post -0.23 EPS for the current year.
DMC Global Profile
(
Free Report)
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.
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