AMH Equity Ltd Invests $845,000 in DMC Global $BOOM

AMH Equity Ltd bought a new position in DMC Global (NASDAQ:BOOM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 100,000 shares of the industrial products company’s stock, valued at approximately $845,000. AMH Equity Ltd owned approximately 0.49% of DMC Global as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC boosted its position in shares of DMC Global by 0.3% in the 2nd quarter. Cerity Partners LLC now owns 554,254 shares of the industrial products company’s stock worth $4,467,000 after purchasing an additional 1,755 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of DMC Global by 3.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 59,603 shares of the industrial products company’s stock worth $480,000 after buying an additional 2,213 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of DMC Global by 1.5% during the 2nd quarter. Prudential Financial Inc. now owns 362,765 shares of the industrial products company’s stock valued at $2,924,000 after acquiring an additional 5,480 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in DMC Global by 6.1% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 122,700 shares of the industrial products company’s stock valued at $989,000 after purchasing an additional 7,050 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of DMC Global by 7.5% in the 1st quarter. Empowered Funds LLC now owns 102,806 shares of the industrial products company’s stock worth $866,000 after purchasing an additional 7,216 shares during the period. 77.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider James Schladen sold 17,718 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $6.00, for a total value of $106,308.00. Following the completion of the transaction, the insider directly owned 532,958 shares of the company’s stock, valued at $3,197,748. The trade was a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.40% of the company’s stock.

DMC Global Stock Down 2.0%

NASDAQ:BOOM opened at $8.44 on Friday. The company’s 50 day moving average is $6.56 and its two-hundred day moving average is $7.20. The company has a market cap of $173.78 million, a PE ratio of -17.96 and a beta of 1.49. The company has a current ratio of 2.76, a quick ratio of 1.41 and a debt-to-equity ratio of 0.21. DMC Global has a twelve month low of $5.46 and a twelve month high of $9.92.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.09). The company had revenue of $151.53 million for the quarter, compared to analysts’ expectations of $145.90 million. DMC Global had a positive return on equity of 1.89% and a negative net margin of 1.69%. Analysts anticipate that DMC Global will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on BOOM. Zacks Research raised shares of DMC Global from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “sell (e+)” rating on shares of DMC Global in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, DMC Global currently has a consensus rating of “Reduce” and a consensus price target of $8.50.

DMC Global Company Profile

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.