D. E. Shaw & Co. Inc. Lowers Stake in DMC Global Inc. (NASDAQ:BOOM)

D. E. Shaw & Co. Inc. lowered its stake in shares of DMC Global Inc. (NASDAQ:BOOM) by 52.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 62,146 shares of the industrial products company’s stock after selling 69,167 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.31% of DMC Global worth $457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BOOM. Hunter Associates Investment Management LLC grew its stake in shares of DMC Global by 19.1% in the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after acquiring an additional 67,410 shares in the last quarter. Barclays PLC boosted its holdings in DMC Global by 13.5% in the fourth quarter. Barclays PLC now owns 30,362 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 3,621 shares during the period. Victory Capital Management Inc. grew its stake in DMC Global by 7.4% during the 4th quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,654 shares in the last quarter. Geode Capital Management LLC increased its holdings in DMC Global by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company’s stock worth $3,276,000 after purchasing an additional 2,339 shares during the period. Finally, Invesco Ltd. increased its holdings in DMC Global by 4.4% during the 4th quarter. Invesco Ltd. now owns 51,022 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 2,128 shares during the period. Hedge funds and other institutional investors own 77.63% of the company’s stock.

DMC Global Stock Up 3.2%

Shares of NASDAQ:BOOM opened at $6.81 on Monday. DMC Global Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $15.14. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $7.13 and its 200-day simple moving average is $7.63. The company has a market cap of $139.54 million, a price-to-earnings ratio of -0.86 and a beta of 1.47.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $159.29 million during the quarter, compared to the consensus estimate of $149.00 million. As a group, equities research analysts predict that DMC Global Inc. will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wall Street Zen raised shares of DMC Global from a “sell” rating to a “hold” rating in a research 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 for the company in a research note on Monday, May 5th.

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.