Invenomic Capital Management LP Takes Position in DMC Global Inc. (NASDAQ:BOOM)

Invenomic Capital Management LP purchased a new stake in DMC Global Inc. (NASDAQ:BOOM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 196,289 shares of the industrial products company's stock, valued at approximately $1,443,000. Invenomic Capital Management LP owned approximately 0.98% of DMC Global at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in shares of DMC Global during the fourth quarter valued at about $50,000. AlphaQuest LLC raised its holdings in shares of DMC Global by 27.9% during 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 raised its holdings 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 valued at $86,000 after purchasing an additional 2,667 shares during the period. Jane Street Group LLC raised its holdings 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 purchasing an additional 1,585 shares during the period. Finally, FNY Investment Advisers LLC raised its holdings in shares of DMC Global by 82.4% during the fourth quarter. FNY Investment Advisers LLC now owns 15,500 shares of the industrial products company's stock valued at $113,000 after purchasing an additional 7,000 shares during the period. 77.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BOOM. StockNews.com upgraded shares of DMC Global from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. Stifel Nicolaus lowered their target price 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.

DMC Global Stock Performance

Shares of DMC Global stock traded up $0.07 on Friday, reaching $6.93. 222,228 shares of the company traded hands, compared to its average volume of 247,266. DMC Global Inc. has a 52 week low of $6.02 and a 52 week high of $15.14. The company has a 50 day moving average of $7.28 and a 200 day moving average of $7.75. The firm has a market capitalization of $142.00 million, a PE ratio of -0.88 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its quarterly earnings data 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. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The company had revenue of $159.29 million during the quarter, compared to the consensus estimate of $149.00 million. Equities analysts forecast that DMC Global Inc. will post -0.23 earnings per share for the current 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.