Pacific Ridge Capital Partners LLC Buys 39,632 Shares of DMC Global (NASDAQ:BOOM)

Pacific Ridge Capital Partners LLC increased its position in DMC Global (NASDAQ:BOOM - Free Report) by 7.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 603,075 shares of the industrial products company's stock after buying an additional 39,632 shares during the period. Pacific Ridge Capital Partners LLC owned 2.93% of DMC Global worth $5,078,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Cooke & Bieler LP raised its stake in DMC Global by 12.0% during the first quarter. Cooke & Bieler LP now owns 1,963,653 shares of the industrial products company's stock valued at $16,534,000 after purchasing an additional 210,234 shares in the last quarter. Voss Capital LP increased its holdings in shares of DMC Global by 229.0% in the 4th quarter. Voss Capital LP now owns 1,019,197 shares of the industrial products company's stock worth $7,491,000 after buying an additional 709,413 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of DMC Global by 325.7% during the 4th quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company's stock valued at $6,412,000 after buying an additional 667,429 shares in the last quarter. Hunter Associates Investment Management LLC lifted its holdings in shares of DMC Global by 9.9% in the 1st quarter. Hunter Associates Investment Management LLC now owns 461,380 shares of the industrial products company's stock valued at $3,877,000 after acquiring an additional 41,737 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of DMC Global by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company's stock valued at $3,276,000 after acquiring an additional 2,339 shares during the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded DMC Global from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Stifel Nicolaus cut their target price on DMC Global from $9.00 to $8.50 and set a "hold" rating on the stock in a research report on Monday, May 5th.

DMC Global Trading Down 3.7%

BOOM stock opened at $7.79 on Friday. DMC Global has a twelve month low of $6.02 and a twelve month high of $13.77. The stock has a market capitalization of $159.62 million, a price-to-earnings ratio of -0.95 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. The firm's fifty day simple moving average is $7.86 and its two-hundred day simple moving average is $7.71.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.19. The company had revenue of $159.29 million for the quarter, compared to the consensus estimate of $149.00 million. DMC Global had a negative net margin of 15.73% and a negative return on equity of 0.01%. As a group, analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.