DMC Global (NASDAQ:BOOM) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in DMC Global (NASDAQ:BOOM - Free Report) by 1,715.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,980 shares of the industrial products company's stock after buying an additional 42,502 shares during the quarter. GAMMA Investing LLC owned 0.22% of DMC Global worth $379,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in DMC Global in the 4th quarter worth $50,000. AlphaQuest LLC grew its position in shares of 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 purchasing an additional 1,876 shares during the period. Wells Fargo & Company MN increased its stake 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 worth $86,000 after purchasing an additional 2,667 shares in the last quarter. Jane Street Group LLC raised its position 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 purchasing an additional 1,585 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in DMC Global by 143.9% in the 4th quarter. BNP Paribas Financial Markets now owns 16,052 shares of the industrial products company's stock valued at $118,000 after buying an additional 9,470 shares in the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BOOM shares. Wall Street Zen raised DMC Global from a "hold" rating to a "buy" rating in a report on Sunday, June 15th. 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 Price Performance

Shares of NASDAQ:BOOM traded down $0.18 during midday trading on Tuesday, hitting $7.55. The company had a trading volume of 135,025 shares, compared to its average volume of 220,824. DMC Global has a twelve month low of $6.02 and a twelve month high of $15.14. The stock has a market cap of $154.71 million, a price-to-earnings ratio of -0.93 and a beta of 1.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.66 and a quick ratio of 1.33. The business's 50-day simple moving average is $7.00 and its 200-day simple moving average is $7.53.

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