DMC Global Inc. (NASDAQ:BOOM) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of DMC Global Inc. (NASDAQ:BOOM) by 18,343.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,856 shares of the industrial products company’s stock after acquiring an additional 53,564 shares during the period. Russell Investments Group Ltd. owned about 0.27% of DMC Global worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its position in DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 1,334 shares in the last quarter. Quantbot Technologies LP acquired a new stake in DMC Global during the 4th quarter worth $50,000. AlphaQuest LLC boosted its stake in DMC Global by 27.9% during the 4th quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 1,876 shares during the last quarter. Wells Fargo & Company MN grew 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 worth $86,000 after buying an additional 2,667 shares in the last quarter. Finally, FNY Investment Advisers LLC raised its position in shares of DMC Global by 82.4% in the fourth quarter. FNY Investment Advisers LLC now owns 15,500 shares of the industrial products company’s stock valued at $113,000 after buying an additional 7,000 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on BOOM. Stifel Nicolaus cut their target price on DMC Global from $9.50 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th.

DMC Global Stock Down 0.6 %

BOOM stock opened at $6.45 on Thursday. DMC Global Inc. has a 12 month low of $6.02 and a 12 month high of $17.14. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The company has a market cap of $132.55 million, a price-to-earnings ratio of -0.82 and a beta of 1.41. The company has a fifty day moving average price of $7.82 and a 200 day moving average price of $8.38.

DMC Global (NASDAQ:BOOM) last released its earnings results on Monday, February 24th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.38. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The company had revenue of $152.37 million for the quarter, compared to analysts’ expectations of $140.50 million. Sell-side analysts expect that DMC Global Inc. will post -0.23 earnings per share for the current year.

DMC Global 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.