GAMMA Investing LLC Has $379,000 Stock Position in DMC Global (NASDAQ:BOOM)

GAMMA Investing LLC increased its position in shares of DMC Global (NASDAQ:BOOM - Free Report) by 1,715.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,980 shares of the industrial products company's stock after purchasing an additional 42,502 shares during the period. GAMMA Investing LLC owned about 0.22% of DMC Global worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in DMC Global by 5.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,952 shares of the industrial products company's stock worth $199,000 after buying an additional 1,342 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of DMC Global by 13.3% during the 4th quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company's stock worth $99,000 after acquiring an additional 1,585 shares during the period. Victory Capital Management Inc. boosted its position in shares of DMC Global by 7.4% during the 4th quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock valued at $175,000 after acquiring an additional 1,654 shares in the last quarter. AlphaQuest LLC increased 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 acquiring an additional 1,876 shares during the period. Finally, Invesco Ltd. raised its position in DMC Global by 4.4% in the fourth quarter. Invesco Ltd. now owns 51,022 shares of the industrial products company's stock worth $375,000 after purchasing an additional 2,128 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors.

DMC Global Price Performance

BOOM stock traded down $0.09 during trading on Monday, hitting $7.73. 163,845 shares of the stock traded hands, compared to its average volume of 221,167. The stock has a market cap of $158.39 million, a price-to-earnings ratio of -0.95 and a beta of 1.42. DMC Global has a one year low of $6.02 and a one year high of $15.14. The company has a current ratio of 2.66, a quick ratio of 1.33 and a debt-to-equity ratio of 0.28. The company has a 50 day simple moving average of $6.97 and a 200 day simple moving average of $7.53.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.19. The company had revenue of $159.29 million during the quarter, compared to analysts' expectations of $149.00 million. DMC Global had a negative net margin of 15.73% and a negative return on equity of 0.01%. Equities analysts expect that DMC Global will post -0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stifel Nicolaus decreased their price objective on 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 "hold" rating to a "buy" rating in a research report on Sunday, June 15th.

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.