Quest Partners LLC Raises Stock Holdings in DMC Global Inc. (NASDAQ:BOOM)

Quest Partners LLC boosted its position in shares of DMC Global Inc. (NASDAQ:BOOM) by 25.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,718 shares of the industrial products company’s stock after acquiring an additional 1,373 shares during the quarter. Quest Partners LLC’s holdings in DMC Global were worth $87,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of DMC Global by 5.4% during the first quarter. Vanguard Group Inc. now owns 1,259,669 shares of the industrial products company’s stock valued at $24,551,000 after acquiring an additional 64,677 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in DMC Global by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,145 shares of the industrial products company’s stock valued at $393,000 after purchasing an additional 951 shares during the last quarter. CWM LLC lifted its holdings in DMC Global by 1,245.4% in the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $40,000 after buying an additional 2,553 shares during the period. Steel Partners Holdings L.P. lifted its holdings in DMC Global by 610.5% in the 2nd quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock worth $28,451,000 after buying an additional 1,695,336 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of DMC Global by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 90,502 shares of the industrial products company’s stock worth $1,305,000 after buying an additional 7,528 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

Analysts Set New Price Targets

BOOM has been the subject of a number of recent analyst reports. StockNews.com downgraded DMC Global from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Stifel Nicolaus lowered shares of DMC Global from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $16.00 to $8.00 in a report on Wednesday, November 20th.

DMC Global Trading Up 1.6 %

Shares of BOOM opened at $8.05 on Friday. The firm’s 50-day moving average price is $10.74 and its 200-day moving average price is $12.16. The firm has a market capitalization of $161.24 million, a price-to-earnings ratio of -1.02 and a beta of 1.66. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. DMC Global Inc. has a 1-year low of $7.16 and a 1-year high of $19.73.

DMC Global (NASDAQ:BOOM) last announced its earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). The company had revenue of $152.43 million for the quarter, compared to the consensus estimate of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same period in the previous year, the firm posted $0.50 EPS. Sell-side analysts anticipate that DMC Global Inc. will post -0.23 EPS for the current year.

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.