GAMMA Investing LLC Buys 2,864 Shares of DMC Global (NASDAQ:BOOM)

GAMMA Investing LLC lifted its stake in DMC Global (NASDAQ:BOOM) by 115.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,342 shares of the industrial products company’s stock after buying an additional 2,864 shares during the quarter. GAMMA Investing LLC’s holdings in DMC Global were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of DMC Global in the fourth quarter worth about $50,000. AlphaQuest LLC raised its stake in shares of DMC Global by 27.9% in the fourth quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company’s stock worth $63,000 after buying an additional 1,876 shares during the period. Wells Fargo & Company MN raised its stake in shares of DMC Global by 29.5% in 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 during the period. Jane Street Group LLC raised its stake in shares of DMC Global by 13.3% in the fourth quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company’s stock worth $99,000 after buying an additional 1,585 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of DMC Global by 143.9% in the fourth quarter. BNP Paribas Financial Markets now owns 16,052 shares of the industrial products company’s stock worth $118,000 after buying an additional 9,470 shares during the period. Institutional investors own 77.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen raised DMC Global from a “hold” rating to a “buy” rating in a research note on Sunday, June 15th. Stifel Nicolaus decreased their target price on DMC Global from $9.00 to $8.50 and set a “hold” rating on the stock in a research note on Monday, May 5th.

DMC Global Stock Up 0.5%

Shares of BOOM opened at $8.42 on Friday. The business’s 50 day moving average is $7.44 and its 200 day moving average is $7.61. The company has a market capitalization of $172.53 million, a PE ratio of -1.03 and a beta of 1.48. DMC Global has a 12-month low of $6.02 and a 12-month high of $15.14. The company has a current ratio of 2.66, a quick ratio of 1.33 and a debt-to-equity ratio of 0.28.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.19. The business had revenue of $159.29 million during the quarter, compared to analysts’ expectations of $149.00 million. DMC Global had a negative return on equity of 0.01% and a negative net margin of 15.73%. Research analysts expect that DMC Global will post -0.23 earnings per share for the current fiscal year.

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.