DMC Global Inc. (NASDAQ:BOOM) Position Raised by Palouse Capital Management Inc.

Palouse Capital Management Inc. lifted its position in shares of DMC Global Inc. (NASDAQ:BOOM) by 23.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,381 shares of the industrial products company’s stock after acquiring an additional 2,776 shares during the period. Palouse Capital Management Inc. owned 0.07% of DMC Global worth $207,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Victory Capital Management Inc. acquired a new position in DMC Global during the 4th quarter valued at about $113,000. Janney Montgomery Scott LLC boosted its position in shares of DMC Global by 482.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 52,734 shares of the industrial products company’s stock worth $992,000 after buying an additional 43,678 shares during the period. Franklin Resources Inc. grew its holdings in DMC Global by 11.9% in the 4th quarter. Franklin Resources Inc. now owns 213,091 shares of the industrial products company’s stock worth $4,010,000 after buying an additional 22,626 shares in the last quarter. Millrace Asset Group Inc. bought a new position in DMC Global in the 4th quarter worth approximately $1,507,000. Finally, Pacific Ridge Capital Partners LLC raised its stake in DMC Global by 20.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 269,071 shares of the industrial products company’s stock valued at $5,064,000 after acquiring an additional 45,944 shares in the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Stock Performance

BOOM opened at $12.72 on Thursday. DMC Global Inc. has a 1-year low of $10.45 and a 1-year high of $25.82. The company has a market capitalization of $254.17 million, a price-to-earnings ratio of 10.43 and a beta of 1.63. The business has a 50 day moving average price of $12.45 and a two-hundred day moving average price of $14.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.53 and a quick ratio of 1.15.

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 return on equity of 6.06% and a net margin of 2.29%. The business had revenue of $171.18 million during the quarter, compared to analysts’ expectations of $165.45 million. During the same quarter last year, the business posted $0.72 earnings per share. Research analysts predict that DMC Global Inc. will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

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

About DMC Global

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.