D. E. Shaw & Co. Inc. Has $457,000 Stock Position in DMC Global Inc. (NASDAQ:BOOM)

D. E. Shaw & Co. Inc. cut its stake in DMC Global Inc. (NASDAQ:BOOM - Free Report) by 52.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,146 shares of the industrial products company's stock after selling 69,167 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.31% of DMC Global worth $457,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BOOM. Voss Capital LP boosted its holdings in shares of DMC Global by 229.0% during the fourth quarter. Voss Capital LP now owns 1,019,197 shares of the industrial products company's stock worth $7,491,000 after acquiring an additional 709,413 shares during the period. Ameriprise Financial Inc. grew its holdings in DMC Global by 325.7% in the 4th quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company's stock valued at $6,412,000 after buying an additional 667,429 shares in the last quarter. Hunter Associates Investment Management LLC increased its position in DMC Global by 19.1% during the 4th quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company's stock worth $3,078,000 after buying an additional 67,410 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of DMC Global in the fourth quarter valued at about $397,000. Finally, Russell Investments Group Ltd. raised its stake in DMC Global by 18,343.8% in the 4th quarter. Russell Investments Group Ltd. now owns 53,856 shares of the industrial products company's stock worth $396,000 after purchasing an additional 53,564 shares in the last quarter. Institutional investors and hedge funds own 77.63% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BOOM. Stifel Nicolaus lowered their target price 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. Wall Street Zen upgraded DMC Global from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th.

DMC Global Price Performance

Shares of BOOM traded down $0.06 during mid-day trading on Friday, reaching $6.73. The company had a trading volume of 17,686 shares, compared to its average volume of 240,769. The company has a market capitalization of $137.92 million, a price-to-earnings ratio of -0.85 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The company's 50 day simple moving average is $6.98 and its 200 day simple moving average is $7.58. DMC Global Inc. has a 1-year low of $6.02 and a 1-year high of $15.14.

DMC Global (NASDAQ:BOOM - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share 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 firm had revenue of $159.29 million for the quarter, compared to analysts' expectations of $149.00 million. Analysts expect that DMC Global Inc. will post -0.23 EPS 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.