Hunter Associates Investment Management LLC Grows Stake in DMC Global (NASDAQ:BOOM)

Hunter Associates Investment Management LLC lifted its holdings in shares of DMC Global (NASDAQ:BOOM - Free Report) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 461,380 shares of the industrial products company's stock after buying an additional 41,737 shares during the quarter. Hunter Associates Investment Management LLC owned about 2.25% of DMC Global worth $3,877,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of DMC Global by 115.6% during the 1st quarter. GAMMA Investing LLC now owns 5,342 shares of the industrial products company's stock valued at $45,000 after buying an additional 2,864 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of DMC Global in the fourth quarter worth $50,000. AlphaQuest LLC increased its holdings 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 worth $63,000 after purchasing an additional 1,876 shares during the period. Wells Fargo & Company MN increased its holdings in shares of DMC Global by 29.5% in 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 during the period. Finally, Jane Street Group LLC increased its holdings in shares of DMC Global by 13.3% in the fourth 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 period. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target 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 raised shares of DMC Global from a "hold" rating to a "buy" rating in a report on Sunday, June 15th.

DMC Global Stock Up 0.1%

BOOM opened at $8.39 on Thursday. The stock has a market cap of $171.81 million, a PE ratio of -1.03 and a beta of 1.48. The company has a quick ratio of 1.33, a current ratio of 2.66 and a debt-to-equity ratio of 0.28. DMC Global has a 52 week low of $6.02 and a 52 week high of $15.14. The business's fifty day simple moving average is $7.40 and its 200 day simple moving average is $7.59.

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

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.

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