Mackenzie Financial Corp Makes New $288,000 Investment in DMC Global Inc. (NASDAQ:BOOM)

Mackenzie Financial Corp bought a new position in shares of DMC Global Inc. (NASDAQ:BOOM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 39,139 shares of the industrial products company's stock, valued at approximately $288,000. Mackenzie Financial Corp owned approximately 0.20% of DMC Global at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in DMC Global by 5.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,952 shares of the industrial products company's stock valued at $199,000 after purchasing an additional 1,342 shares during the last quarter. Jane Street Group LLC boosted its position in shares of DMC Global by 13.3% during the fourth quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company's stock valued at $99,000 after buying an additional 1,585 shares during the last quarter. Victory Capital Management Inc. grew its holdings in DMC Global by 7.4% during the fourth quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock worth $175,000 after buying an additional 1,654 shares in the last quarter. AlphaQuest LLC raised its position in DMC Global by 27.9% in the 4th quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company's stock valued at $63,000 after buying an additional 1,876 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in DMC Global by 4.4% during the 4th quarter. Invesco Ltd. now owns 51,022 shares of the industrial products company's stock valued at $375,000 after acquiring an additional 2,128 shares in the last quarter. 77.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BOOM shares. Wall Street Zen upgraded shares of DMC Global from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Stifel Nicolaus reduced their price objective on shares of 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 Performance

DMC Global stock traded up $0.23 during mid-day trading on Friday, reaching $7.19. 116,390 shares of the company's stock were exchanged, compared to its average volume of 235,204. The business's fifty day simple moving average is $6.79 and its 200 day simple moving average is $7.54. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. DMC Global Inc. has a one year low of $6.02 and a one year high of $15.14. The firm has a market capitalization of $147.33 million, a PE ratio of -0.91 and a beta of 1.42.

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, topping analysts' consensus estimates of ($0.08) by $0.19. The company had revenue of $159.29 million for the quarter, compared to analysts' expectations of $149.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. On average, sell-side analysts expect that DMC Global Inc. 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.