Ameriprise Financial Inc. Increases Stock Position in DMC Global Inc. (NASDAQ:BOOM)

Ameriprise Financial Inc. raised its stake in DMC Global Inc. (NASDAQ:BOOM - Free Report) by 325.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 872,339 shares of the industrial products company's stock after acquiring an additional 667,429 shares during the period. Ameriprise Financial Inc. owned 4.36% of DMC Global worth $6,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in BOOM. Quantbot Technologies LP acquired a new stake in shares of DMC Global in the 4th quarter valued at about $50,000. AlphaQuest LLC lifted its stake in DMC Global by 27.9% in the fourth quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company's stock valued at $63,000 after buying an additional 1,876 shares during the last quarter. Wells Fargo & Company MN lifted its stake in DMC Global by 29.5% in the fourth quarter. Wells Fargo & Company MN now owns 11,701 shares of the industrial products company's stock valued at $86,000 after buying an additional 2,667 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of 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 during the period. Finally, JBF Capital Inc. grew its position in shares of DMC Global by 100.0% during the fourth quarter. JBF Capital Inc. now owns 20,000 shares of the industrial products company's stock worth $147,000 after acquiring an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Stifel Nicolaus reduced their price target on shares of DMC Global from $9.00 to $8.50 and set a "hold" rating for the company in a research report on Monday, May 5th. Wall Street Zen raised DMC Global from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th.

DMC Global Price Performance

DMC Global stock opened at $6.60 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The business has a 50 day simple moving average of $7.16 and a 200-day simple moving average of $7.67. DMC Global Inc. has a 12 month low of $6.02 and a 12 month high of $15.14. The stock has a market capitalization of $135.24 million, a PE ratio of -0.84 and a beta of 1.47.

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

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