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

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of DMC Global by 7.4% in the 4th quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock worth $175,000 after acquiring an additional 1,654 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of DMC Global by 27.9% in the 4th quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company's stock worth $63,000 after buying an additional 1,876 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of DMC Global in the 4th quarter worth $50,000. American Century Companies Inc. raised its holdings in DMC Global by 44.9% in 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 period. Finally, JPMorgan Chase & Co. raised its holdings in DMC Global by 39.1% in the 4th 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 during the period. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised DMC Global from a "hold" rating to a "buy" rating in a report on Sunday, June 15th. Stifel Nicolaus dropped their price target on DMC Global from $9.00 to $8.50 and set a "hold" rating for the company in a research report on Monday, May 5th.

DMC Global Stock Up 1.2%

NASDAQ:BOOM traded up $0.10 during trading hours on Friday, reaching $8.52. The company's stock had a trading volume of 72,654 shares, compared to its average volume of 220,005. The stock has a 50 day moving average price of $7.46 and a two-hundred day moving average price of $7.63. The company has a market capitalization of $174.57 million, a P/E ratio of -1.04 and a beta of 1.48. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.33 and a current ratio of 2.66. DMC Global has a 12 month low of $6.02 and a 12 month high of $15.14.

DMC Global (NASDAQ:BOOM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.19. The firm had revenue of $159.29 million for the quarter, compared to analyst estimates 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 predict that DMC Global will post -0.23 EPS for the current fiscal 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.