Dynamic Materials Corp. (BOOM) Shares Sold by New York State Common Retirement Fund
New York State Common Retirement Fund cut its holdings in Dynamic Materials Corp. (NASDAQ:BOOM) by 0.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 383,330 shares of the industrial products company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned about 2.60% of Dynamic Materials Corp. worth $5,022,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Dynamic Materials Corp. in the first quarter valued at about $243,000. Vanguard Group Inc. raised its stake in Dynamic Materials Corp. by 2.4% in the first quarter. Vanguard Group Inc. now owns 583,360 shares of the industrial products company’s stock valued at $7,234,000 after buying an additional 13,420 shares during the last quarter. Wells Fargo & Company MN raised its stake in Dynamic Materials Corp. by 5.0% in the first quarter. Wells Fargo & Company MN now owns 12,449 shares of the industrial products company’s stock valued at $154,000 after buying an additional 595 shares during the last quarter. Renaissance Technologies LLC raised its stake in Dynamic Materials Corp. by 5.4% in the first quarter. Renaissance Technologies LLC now owns 146,000 shares of the industrial products company’s stock valued at $1,810,000 after buying an additional 7,432 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Dynamic Materials Corp. by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 672,184 shares of the industrial products company’s stock valued at $8,335,000 after buying an additional 38,054 shares during the last quarter. Institutional investors own 86.02% of the company’s stock.
BOOM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine upgraded Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.
In other news, insider Ian Grieves sold 4,743 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $13.92, for a total value of $66,022.56. Following the completion of the sale, the insider now directly owns 15,874 shares of the company’s stock, valued at approximately $220,966.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by insiders.
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Dynamic Materials Corp. (NASDAQ:BOOM) opened at 17.95 on Monday. Dynamic Materials Corp. has a 52 week low of $9.80 and a 52 week high of $18.45. The stock’s market capitalization is $265.12 million. The stock has a 50 day moving average price of $15.40 and a 200 day moving average price of $13.84.
Dynamic Materials Corp. (NASDAQ:BOOM) last posted its earnings results on Thursday, July 27th. The industrial products company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Dynamic Materials Corp. had a negative return on equity of 6.38% and a negative net margin of 5.01%. The business had revenue of $47.20 million during the quarter, compared to the consensus estimate of $44.20 million. During the same period in the previous year, the business earned ($0.05) EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, September 28th. Dynamic Materials Corp.’s payout ratio is currently -14.04%.
About Dynamic Materials Corp.
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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