Wasatch Advisors LP Trims Stock Position in DMC Global Inc. (NASDAQ:BOOM)

Wasatch Advisors LP lowered its holdings in shares of DMC Global Inc. (NASDAQ:BOOM) by 14.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 495,523 shares of the industrial products company’s stock after selling 81,696 shares during the quarter. Wasatch Advisors LP owned approximately 2.51% of DMC Global worth $9,326,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd purchased a new stake in DMC Global in the 3rd quarter worth approximately $50,000. Tower Research Capital LLC TRC increased its holdings in DMC Global by 722.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 3,488 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in DMC Global in the 4th quarter worth approximately $113,000. Brandywine Global Investment Management LLC purchased a new stake in DMC Global in the 3rd quarter worth approximately $220,000. Finally, SG Americas Securities LLC increased its holdings in DMC Global by 31.5% in the 4th quarter. SG Americas Securities LLC now owns 9,312 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 2,228 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

DMC Global Price Performance

BOOM stock traded down $0.18 during midday trading on Tuesday, hitting $12.32. The company’s stock had a trading volume of 8,782 shares, compared to its average volume of 268,483. DMC Global Inc. has a 12 month low of $11.12 and a 12 month high of $27.16. The company has a quick ratio of 1.12, a current ratio of 2.54 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $246.15 million, a price-to-earnings ratio of 10.10 and a beta of 1.59. The company has a 50 day moving average of $15.14 and a two-hundred day moving average of $16.70.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $166.87 million during the quarter, compared to the consensus estimate of $172.35 million. DMC Global had a return on equity of 8.21% and a net margin of 3.61%. On average, analysts expect that DMC Global Inc. will post 0.97 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on BOOM. StockNews.com lowered shares of DMC Global from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Stifel Nicolaus dropped their price target on DMC Global from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, May 6th.

DMC Global 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.