GABELLI & Co INVESTMENT ADVISERS INC. Takes $974,000 Position in DMC Global $BOOM

Key Points

• GABELLI & Co INVESTMENT ADVISERS INC. has acquired 115,650 shares of DMC Global, representing a new position worth approximately $974,000, which accounts for 0.56% of the company's stock.
• Multiple large investors have increased their stakes in DMC Global, with 77.63% of the stock now owned by institutional investors, reflecting growing interest in the company.
• DMC Global reported earnings that exceeded analyst expectations, with a revenue of $155.49 million for the quarter, while its stock is currently rated as a "hold" by several analysts.

GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in DMC Global (NASDAQ:BOOM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 115,650 shares of the industrial products company's stock, valued at approximately $974,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.56% of DMC Global at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC raised its position in shares of DMC Global by 115.6% in the 1st quarter. GAMMA Investing LLC now owns 5,342 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 2,864 shares during the period. PNC Financial Services Group Inc. raised its position in shares of DMC Global by 236.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,865 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 4,823 shares during the period. Wells Fargo & Company MN raised its position in shares of DMC Global by 29.5% in the 4th quarter. Wells Fargo & Company MN now owns 11,701 shares of the industrial products company's stock valued at $86,000 after acquiring an additional 2,667 shares during the period. Jane Street Group LLC raised its position in shares of DMC Global by 13.3% in the 4th 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 during the period. Finally, MetLife Investment Management LLC acquired a new stake in shares of DMC Global in the 1st quarter valued at approximately $100,000. Institutional investors own 77.63% of the company's stock.

DMC Global Stock Up 6.2%

BOOM stock traded up $0.39 during mid-day trading on Friday, hitting $6.70. 235,500 shares of the company were exchanged, compared to its average volume of 247,448. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.34 and a current ratio of 2.76. The firm has a market cap of $137.89 million, a P/E ratio of -0.78 and a beta of 1.48. The firm's 50 day simple moving average is $7.54 and its 200 day simple moving average is $7.52. DMC Global has a 1-year low of $5.78 and a 1-year high of $13.77.

DMC Global (NASDAQ:BOOM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.05 by $0.07. The firm had revenue of $155.49 million for the quarter, compared to the consensus estimate of $151.60 million. DMC Global had a negative net margin of 17.54% and a negative return on equity of 1.27%. DMC Global has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that DMC Global will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on BOOM shares. Zacks Research downgraded shares of DMC Global from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Wall Street Zen downgraded shares of DMC Global from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Stifel Nicolaus cut their price target on shares of DMC Global from $9.00 to $8.50 and set a "hold" rating on the stock in a research report on Monday, May 5th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, DMC Global presently has a consensus rating of "Hold" and a consensus target price of $8.50.

DMC Global Company 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.