Invenomic Capital Management LP Purchases Shares of 196,289 DMC Global Inc. (NASDAQ:BOOM)

Invenomic Capital Management LP acquired a new stake in DMC Global Inc. (NASDAQ:BOOM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 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 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in BOOM. Graham Capital Management L.P. purchased a new stake in DMC Global during the 4th quarter valued at $238,000. Deutsche Bank AG boosted its position in DMC Global by 5.6% during the 4th quarter. Deutsche Bank AG now owns 69,820 shares of the industrial products company's stock valued at $513,000 after buying an additional 3,709 shares during the period. Bridgeway Capital Management LLC boosted its position in DMC Global by 14.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 370,290 shares of the industrial products company's stock valued at $2,722,000 after buying an additional 47,879 shares during the period. BNP Paribas Financial Markets boosted its position in DMC Global by 143.9% during the 4th quarter. BNP Paribas Financial Markets now owns 16,052 shares of the industrial products company's stock valued at $118,000 after buying an additional 9,470 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of DMC Global by 325.7% in the 4th quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company's stock worth $6,412,000 after purchasing an additional 667,429 shares during the period. Hedge funds and other institutional investors own 77.63% of the company's stock.

DMC Global Stock Performance

Shares of BOOM stock traded down $0.18 during trading hours on Thursday, reaching $6.86. The company had a trading volume of 198,970 shares, compared to its average volume of 247,428. The business has a fifty day moving average price of $7.32 and a 200-day moving average price of $7.81. DMC Global Inc. has a one year low of $6.02 and a one year high of $15.14. The firm has a market cap of $140.57 million, a PE ratio of -0.87 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37.

DMC Global (NASDAQ:BOOM - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.19. The company had revenue of $159.29 million during the quarter, compared to analyst estimates of $149.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. Sell-side analysts predict that DMC Global Inc. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of DMC Global from a "sell" rating to a "hold" rating in a research report 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 note on Monday, May 5th.

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.