DMC Global (NASDAQ:BOOM) Shares Acquired by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in DMC Global by 313.1%, owning now 232,781 shares valued at approximately $1.96 million.
• Over 77% of DMC Global's stock is held by institutional investors, indicating strong institutional interest in the company.
• Analysts have recently downgraded DMC Global's rating from "buy" to "hold," with price targets adjusted downwards from $9.00 to $8.50.

Federated Hermes Inc. raised its position in shares of DMC Global (NASDAQ:BOOM - Free Report) by 313.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 232,781 shares of the industrial products company's stock after purchasing an additional 176,425 shares during the period. Federated Hermes Inc. owned about 1.13% of DMC Global worth $1,960,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of DMC Global by 44.9% during the 4th quarter. American Century Companies Inc. now owns 140,979 shares of the industrial products company's stock worth $1,036,000 after purchasing an additional 43,671 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in DMC Global by 39.1% in the fourth quarter. JPMorgan Chase & Co. now owns 132,422 shares of the industrial products company's stock worth $973,000 after purchasing an additional 37,217 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of DMC Global by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company's stock valued at $3,276,000 after buying an additional 2,339 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of DMC Global by 29.5% during the 4th quarter. Wells Fargo & Company MN now owns 11,701 shares of the industrial products company's stock worth $86,000 after acquiring an additional 2,667 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in DMC Global by 18,343.8% during the fourth quarter. Russell Investments Group Ltd. now owns 53,856 shares of the industrial products company's stock valued at $396,000 after acquiring an additional 53,564 shares during the last quarter. 77.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered DMC Global from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Stifel Nicolaus reduced their price objective on DMC Global from $9.00 to $8.50 and set a "hold" rating for the company in a research note on Monday, May 5th.

DMC Global Stock Performance

NASDAQ BOOM traded down $1.54 on Wednesday, hitting $6.65. 530,474 shares of the company's stock traded hands, compared to its average volume of 129,783. The firm's 50-day moving average price is $7.91 and its two-hundred day moving average price is $7.71. The firm has a market capitalization of $136.26 million, a PE ratio of -0.77 and a beta of 1.48. The company has a current ratio of 2.66, a quick ratio of 1.33 and a debt-to-equity ratio of 0.28. DMC Global has a 1-year low of $6.02 and a 1-year high of $13.77.

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.