DMC Global Inc. (NASDAQ:BOOM) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its holdings in DMC Global Inc. (NASDAQ:BOOM) by 31.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,000 shares of the industrial products company’s stock after selling 13,534 shares during the quarter. Marshall Wace LLP’s holdings in DMC Global were worth $418,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of DMC Global by 82.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 606 shares during the period. Meeder Asset Management Inc. acquired a new position in DMC Global during the second quarter worth about $25,000. Allspring Global Investments Holdings LLC purchased a new position in DMC Global in the first quarter valued at about $26,000. CWM LLC lifted its position in shares of DMC Global by 1,245.4% during the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 2,553 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of DMC Global by 68.4% during the 1st quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 3,974 shares in the last quarter. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

DMC Global Stock Up 3.1 %

BOOM opened at $13.46 on Friday. The stock has a market capitalization of $268.96 million, a price-to-earnings ratio of 11.03 and a beta of 1.63. DMC Global Inc. has a 12 month low of $10.45 and a 12 month high of $22.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.53 and a quick ratio of 1.15. The business has a 50-day moving average of $12.08 and a two-hundred day moving average of $13.92.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.16. The business had revenue of $171.18 million for the quarter, compared to analyst estimates of $165.45 million. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. During the same period last year, the company posted $0.72 EPS. On average, research analysts expect that DMC Global Inc. will post 0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.