Integrated Wealth Concepts LLC Buys Shares of 10,000 DMC Global Inc. (NASDAQ:BOOM)

Integrated Wealth Concepts LLC bought a new stake in DMC Global Inc. (NASDAQ:BOOMFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the industrial products company’s stock, valued at approximately $130,000.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC increased its stake in shares of DMC Global by 146.1% in the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 1,334 shares during the last quarter. Quest Partners LLC increased its position in DMC Global by 25.7% in the 3rd quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 1,373 shares during the last quarter. Empowered Funds LLC raised its stake in shares of DMC Global by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 91,011 shares of the industrial products company’s stock worth $1,181,000 after purchasing an additional 4,556 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of DMC Global by 115.8% during the 3rd quarter. Victory Capital Management Inc. now owns 22,217 shares of the industrial products company’s stock valued at $288,000 after buying an additional 11,924 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of DMC Global by 5.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock valued at $274,000 after buying an additional 1,120 shares in the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

DMC Global Stock Down 0.8 %

BOOM opened at $7.40 on Friday. The firm has a market cap of $148.19 million, a P/E ratio of -0.94 and a beta of 1.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The business has a 50 day moving average price of $9.65 and a 200 day moving average price of $11.75. DMC Global Inc. has a twelve month low of $7.16 and a twelve month high of $19.73.

DMC Global (NASDAQ:BOOMGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $152.43 million during the quarter, compared to analyst estimates of $152.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Research analysts forecast that DMC Global Inc. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Stifel Nicolaus cut shares of DMC Global from a “buy” rating to a “hold” rating and reduced their target price for the company from $16.00 to $8.00 in a research note on Wednesday, November 20th. StockNews.com lowered shares of DMC Global from a “hold” rating to a “sell” rating in a research note on Saturday.

View Our Latest Report on DMC Global

DMC Global Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DMC Global (NASDAQ:BOOM)

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