DMC Global Inc. (NASDAQ:BOOM) Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its stake in DMC Global Inc. (NASDAQ:BOOM) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 634,371 shares of the industrial products company’s stock after buying an additional 49,849 shares during the period. Kennedy Capital Management LLC owned approximately 3.18% of DMC Global worth $12,364,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BOOM. PNC Financial Services Group Inc. increased its holdings in DMC Global by 82.2% in 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 buying an additional 606 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of DMC Global during the 1st quarter worth approximately $26,000. Tower Research Capital LLC TRC increased its stake in shares of DMC Global by 722.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 3,488 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of DMC Global during the 4th quarter worth approximately $113,000. Finally, SG Americas Securities LLC increased its stake in shares of DMC Global by 31.5% during the 4th quarter. SG Americas Securities LLC now owns 9,312 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 2,228 shares in the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

DMC Global Stock Down 0.2 %

DMC Global stock traded down $0.03 during midday trading on Tuesday, hitting $13.73. 122,998 shares of the stock were exchanged, compared to its average volume of 269,199. DMC Global Inc. has a 1 year low of $11.12 and a 1 year high of $27.16. The firm has a market cap of $274.33 million, a P/E ratio of 11.28 and a beta of 1.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 1.12. The company has a 50 day moving average price of $13.72 and a two-hundred day moving average price of $15.85.

DMC Global (NASDAQ:BOOM) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $166.87 million during the quarter, compared to the consensus estimate of $172.35 million. DMC Global had a net margin of 3.61% and a return on equity of 8.21%. On average, sell-side analysts predict that DMC Global Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on BOOM. StockNews.com cut shares of DMC Global from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Stifel Nicolaus reduced their target price on shares of DMC Global from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, May 6th.

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.