Oppenheimer Asset Management Inc. Trims Holdings in DMC Global Inc. (NASDAQ:BOOM)

Oppenheimer Asset Management Inc. decreased its holdings in DMC Global Inc. (NASDAQ:BOOMGet Rating) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,164 shares of the industrial products company’s stock after selling 1,080 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.09% of DMC Global worth $327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. raised its position in DMC Global by 3.5% in the 1st quarter. BlackRock Inc. now owns 3,105,726 shares of the industrial products company’s stock valued at $94,726,000 after purchasing an additional 104,082 shares during the last quarter. Cooke & Bieler LP raised its position in DMC Global by 2.8% during the 2nd quarter. Cooke & Bieler LP now owns 1,702,311 shares of the industrial products company’s stock worth $30,693,000 after buying an additional 46,597 shares during the last quarter. Vanguard Group Inc. raised its position in DMC Global by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 1,355,990 shares of the industrial products company’s stock worth $41,358,000 after buying an additional 46,796 shares during the last quarter. State Street Corp raised its position in DMC Global by 17.3% during the 1st quarter. State Street Corp now owns 805,641 shares of the industrial products company’s stock worth $24,572,000 after buying an additional 118,793 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in DMC Global by 2.9% during the 1st quarter. Van ECK Associates Corp now owns 658,027 shares of the industrial products company’s stock worth $20,070,000 after buying an additional 18,583 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

DMC Global Stock Performance

NASDAQ:BOOM opened at $20.20 on Thursday. The company has a quick ratio of 1.01, a current ratio of 2.26 and a debt-to-equity ratio of 0.33. DMC Global Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $47.01. The stock has a market cap of $394.51 million, a PE ratio of -106.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.69. The firm’s fifty day simple moving average is $18.73 and its 200-day simple moving average is $21.04.

Insider Transactions at DMC Global

In related news, Director Robert A. Cohen purchased 10,000 shares of the stock in a transaction dated Friday, September 16th. The shares were acquired at an average cost of $18.75 per share, with a total value of $187,500.00. Following the purchase, the director now directly owns 30,195 shares in the company, valued at approximately $566,156.25. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of DMC Global in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

About DMC Global

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DMC Global Inc provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building materials, including storefronts and entrances, windows, curtain walls, and interior partitions; architectural components, architectural framing systems, and sun control products; sliding and glazing systems; and engineered steel, aluminum, and wood door and window systems.

See Also

Institutional Ownership by Quarter for DMC Global (NASDAQ:BOOM)

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