Cooke & Bieler LP Increases Stake in DMC Global (NASDAQ:BOOM)

Cooke & Bieler LP lifted its holdings in DMC Global (NASDAQ:BOOM - Free Report) by 12.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,963,653 shares of the industrial products company's stock after acquiring an additional 210,234 shares during the quarter. Cooke & Bieler LP owned 9.56% of DMC Global worth $16,534,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of DMC Global by 115.6% in the first quarter. GAMMA Investing LLC now owns 5,342 shares of the industrial products company's stock worth $45,000 after buying an additional 2,864 shares during the period. Man Group plc increased its stake in shares of DMC Global by 16.4% in the fourth quarter. Man Group plc now owns 43,619 shares of the industrial products company's stock worth $321,000 after buying an additional 6,141 shares during the period. Barclays PLC increased its stake in shares of DMC Global by 13.5% in the fourth quarter. Barclays PLC now owns 30,362 shares of the industrial products company's stock worth $222,000 after buying an additional 3,621 shares during the period. Victory Capital Management Inc. increased its stake 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. Finally, Geode Capital Management LLC increased its stake in shares of DMC Global by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company's stock worth $3,276,000 after buying an additional 2,339 shares during the period. 77.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BOOM shares. Wall Street Zen downgraded shares of DMC Global from a "buy" rating to a "hold" rating in a research report on Friday. Stifel Nicolaus reduced their price objective 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.

DMC Global Stock Performance

BOOM traded down $0.22 during midday trading on Friday, hitting $7.76. 136,806 shares of the company traded hands, compared to its average volume of 218,278. The company has a quick ratio of 1.33, a current ratio of 2.66 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $159.00 million, a PE ratio of -0.95 and a beta of 1.48. The company's 50-day moving average is $7.57 and its 200 day moving average is $7.65. DMC Global has a 52 week low of $6.02 and a 52 week high of $14.41.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.19. DMC Global had a negative net margin of 15.73% and a negative return on equity of 0.01%. The firm had revenue of $159.29 million during the quarter, compared to analyst estimates of $149.00 million. On average, research analysts expect that DMC Global will post -0.23 EPS for the current year.

About DMC Global

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.