DMC Global (NASDAQ:BOOM – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.
Separately, Stifel Nicolaus lowered DMC Global from a “buy” rating to a “hold” rating and cut their price target for the stock from $16.00 to $8.00 in a report on Wednesday, November 20th.
Read Our Latest Report on BOOM
DMC Global Stock Down 2.0 %
Institutional Trading of DMC Global
A number of institutional investors and hedge funds have recently modified their holdings of BOOM. FMR LLC increased its position in shares of DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 1,334 shares during the period. Quantbot Technologies LP bought a new stake in shares of DMC Global during the fourth quarter valued at approximately $50,000. AlphaQuest LLC increased its position in shares of DMC Global by 27.9% during the fourth quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 1,876 shares during the period. Quest Partners LLC increased its position in shares of DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 1,373 shares during the period. Finally, FNY Investment Advisers LLC increased its position in shares of DMC Global by 82.4% during the fourth quarter. FNY Investment Advisers LLC now owns 15,500 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 7,000 shares during the period. 77.63% of the stock is currently owned by institutional investors.
DMC Global Company 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.
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