SG Americas Securities LLC Increases Stock Holdings in DMC Global Inc. (NASDAQ:BOOM)

SG Americas Securities LLC lifted its stake in shares of DMC Global Inc. (NASDAQ:BOOM) by 31.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,312 shares of the industrial products company’s stock after buying an additional 2,228 shares during the period. SG Americas Securities LLC’s holdings in DMC Global were worth $175,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Lord Abbett & CO. LLC purchased a new position in DMC Global in the third quarter worth $4,527,000. Dimensional Fund Advisors LP boosted its position in DMC Global by 49.5% in the second quarter. Dimensional Fund Advisors LP now owns 521,008 shares of the industrial products company’s stock worth $9,253,000 after purchasing an additional 172,452 shares during the last quarter. Acadian Asset Management LLC purchased a new position in DMC Global in the third quarter worth $3,953,000. Marshall Wace LLP purchased a new position in DMC Global in the third quarter worth $2,274,000. Finally, Morgan Stanley boosted its position in DMC Global by 118.3% in the fourth quarter. Morgan Stanley now owns 261,423 shares of the industrial products company’s stock worth $5,082,000 after purchasing an additional 141,671 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

DMC Global Stock Performance

Shares of BOOM opened at $17.53 on Monday. The firm has a market cap of $346.92 million, a PE ratio of 16.23 and a beta of 1.62. The stock’s fifty day moving average price is $17.94 and its two-hundred day moving average price is $18.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.58 and a quick ratio of 1.27. DMC Global Inc. has a 1 year low of $14.89 and a 1 year high of $27.16.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.07). DMC Global had a net margin of 3.29% and a return on equity of 9.14%. The firm had revenue of $174.04 million during the quarter, compared to the consensus estimate of $170.80 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, equities research analysts forecast that DMC Global Inc. will post 1.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on BOOM. Stifel Nicolaus cut their price objective on DMC Global from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. StockNews.com upgraded DMC Global from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th.

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.