DMC Global Inc. (NASDAQ:BOOM) Shares Purchased by Man Group plc

Man Group plc increased its stake in shares of DMC Global Inc. (NASDAQ:BOOM) by 16.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,619 shares of the industrial products company’s stock after purchasing an additional 6,141 shares during the quarter. Man Group plc owned 0.22% of DMC Global worth $321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hunter Associates Investment Management LLC grew its stake in DMC Global by 19.1% during the 4th quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after purchasing an additional 67,410 shares in the last quarter. Barclays PLC boosted its position in shares of DMC Global by 13.5% during the 4th quarter. Barclays PLC now owns 30,362 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 3,621 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of 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 acquiring an additional 1,654 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 2,339 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of 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 acquiring an additional 2,128 shares in the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.

DMC Global Stock Up 3.2%

DMC Global stock opened at $6.81 on Tuesday. 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 debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The company has a market capitalization of $139.54 million, a P/E ratio of -0.86 and a beta of 1.47. The stock has a 50-day simple moving average of $7.10 and a 200-day simple moving average of $7.61.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.19. The firm had revenue of $159.29 million during the quarter, compared to the consensus estimate of $149.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. Equities research analysts expect that DMC Global Inc. will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on DMC Global from $9.00 to $8.50 and set a “hold” rating for the company in a research report on Monday, May 5th. Wall Street Zen raised DMC Global from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th.

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.