Gabelli Funds LLC Invests $224,000 in DMC Global Inc. (NASDAQ:BOOM)

Gabelli Funds LLC bought a new position in DMC Global Inc. (NASDAQ:BOOM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,500 shares of the industrial products company’s stock, valued at approximately $224,000. Gabelli Funds LLC owned approximately 0.08% of DMC Global as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BOOM. Allspring Global Investments Holdings LLC bought a new stake in DMC Global in the first quarter worth $26,000. PNC Financial Services Group Inc. raised its stake in DMC Global by 82.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 606 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in DMC Global during the second quarter valued at $25,000. CWM LLC raised its stake in DMC Global by 1,245.4% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 2,553 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in DMC Global by 68.4% during the first quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 3,974 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and set a $24.00 price target on shares of DMC Global in a research note on Wednesday, July 31st. Stifel Nicolaus decreased their price target on shares of DMC Global from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, September 17th.

DMC Global Trading Up 1.9 %

Shares of BOOM opened at $13.00 on Friday. DMC Global Inc. has a twelve month low of $10.45 and a twelve month high of $25.16. The company has a market cap of $260.52 million, a P/E ratio of 10.66 and a beta of 1.63. The company has a current ratio of 2.53, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $12.19 and its 200-day simple moving average is $14.23.

DMC Global (NASDAQ:BOOM) last announced its earnings results on Thursday, August 1st. The industrial products company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.16. DMC Global had a net margin of 2.29% and a return on equity of 6.06%. The business had revenue of $171.18 million for the quarter, compared to the consensus estimate of $165.45 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. As a group, analysts expect that DMC Global Inc. will post 0.95 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.