DMC Global Inc. (NASDAQ:BOOM) Shares Bought by Ameriprise Financial Inc.

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

A number of other institutional investors have also recently made changes to their positions in BOOM. Quantbot Technologies LP purchased a new stake in shares of DMC Global during the fourth quarter valued at $50,000. AlphaQuest LLC grew its holdings in shares of DMC Global by 27.9% during 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 grew its holdings in shares of DMC Global by 29.5% during 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 grew its holdings in shares of DMC Global by 13.3% during the fourth quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company's stock valued at $99,000 after buying an additional 1,585 shares during the last quarter. Finally, JBF Capital Inc. grew its holdings 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 valued at $147,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 77.63% of the company's stock.

DMC Global Price Performance

NASDAQ:BOOM traded up $0.02 during trading hours on Wednesday, hitting $6.81. 10,424 shares of the stock were exchanged, compared to its average volume of 241,920. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. The firm's fifty day moving average price is $7.06 and its 200 day moving average price is $7.60. DMC Global Inc. has a 52-week low of $6.02 and a 52-week high of $15.14. The company has a market cap of $139.54 million, a P/E ratio of -0.86 and a beta of 1.47.

DMC Global (NASDAQ:BOOM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $159.29 million during the quarter, compared to the consensus estimate of $149.00 million. As a group, equities research analysts anticipate that DMC Global Inc. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

BOOM has been the topic of a number of research analyst reports. Wall Street Zen raised shares of DMC Global from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. Stifel Nicolaus dropped their price objective on shares of DMC Global from $9.00 to $8.50 and set a "hold" rating on the stock in a report on Monday, May 5th.

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.