Dimensional Fund Advisors LP Sells 63,111 Shares of DMC Global Inc. (NASDAQ:BOOM)

Dimensional Fund Advisors LP cut its position in shares of DMC Global Inc. (NASDAQ:BOOM - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 958,746 shares of the industrial products company's stock after selling 63,111 shares during the quarter. Dimensional Fund Advisors LP owned 4.79% of DMC Global worth $7,046,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of BOOM. Victory Capital Management Inc. boosted its holdings in shares of 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 buying an additional 1,654 shares during the period. AlphaQuest LLC lifted its position in shares of DMC Global by 27.9% in the 4th quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company's stock valued at $63,000 after acquiring an additional 1,876 shares in the last quarter. Invesco Ltd. boosted its stake in 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 period. Geode Capital Management LLC grew its position in DMC Global by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company's stock worth $3,276,000 after purchasing an additional 2,339 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in DMC Global by 29.5% during the 4th quarter. Wells Fargo & Company MN now owns 11,701 shares of the industrial products company's stock valued at $86,000 after purchasing an additional 2,667 shares during the period. Institutional investors own 77.63% of the company's stock.

Analyst Upgrades and Downgrades

BOOM has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price target on DMC Global from $9.00 to $8.50 and set a "hold" rating on the stock in a report on Monday, May 5th. StockNews.com raised DMC Global from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th.

DMC Global Stock Down 1.0%

Shares of DMC Global stock traded down $0.07 on Wednesday, hitting $7.04. 159,488 shares of the company traded hands, compared to its average volume of 248,128. DMC Global Inc. has a 12-month low of $6.02 and a 12-month high of $15.14. 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 company has a market cap of $144.26 million, a PE ratio of -0.89 and a beta of 1.47. The company has a 50-day moving average price of $7.35 and a 200 day moving average price of $7.81.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.19. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The firm had revenue of $159.29 million for the quarter, compared to the consensus estimate of $149.00 million. Sell-side analysts predict 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.