DMC Global Inc. (NASDAQ:BOOM) Shares Acquired by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC increased its position in shares of DMC Global Inc. (NASDAQ:BOOM) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,390 shares of the industrial products company’s stock after buying an additional 1,766 shares during the period. SummerHaven Investment Management LLC’s holdings in DMC Global were worth $483,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BOOM. Price T Rowe Associates Inc. MD boosted its stake in shares of DMC Global by 5.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,952 shares of the industrial products company’s stock valued at $199,000 after buying an additional 1,342 shares during the last quarter. Jane Street Group LLC raised its holdings in DMC Global by 13.3% in the fourth quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 1,585 shares in the last quarter. Victory Capital Management Inc. boosted its stake in DMC Global by 7.4% during the 4th quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 1,654 shares during the last quarter. AlphaQuest LLC grew its holdings in DMC Global by 27.9% during the 4th quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 1,876 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of DMC Global by 4.4% in the 4th quarter. Invesco Ltd. now owns 51,022 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 2,128 shares during the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of DMC Global from a “buy” rating to a “hold” rating in a research report on Saturday, June 7th. Stifel Nicolaus cut their price objective on DMC Global from $9.00 to $8.50 and set a “hold” rating on the stock in a research note on Monday, May 5th.

DMC Global Stock Up 0.6%

BOOM stock opened at $8.04 on Friday. The firm has a market cap of $164.75 million, a price-to-earnings ratio of -1.02 and a beta of 1.42. DMC Global Inc. has a 1-year low of $6.02 and a 1-year high of $15.14. The firm has a fifty day moving average price of $6.80 and a two-hundred day moving average price of $7.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.19. The business had revenue of $159.29 million during the quarter, compared to the consensus estimate of $149.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. Research analysts predict that DMC Global Inc. will post -0.23 EPS 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.