Jane Street Group LLC Trims Stake in DMC Global Inc. (NASDAQ:BOOM)

Jane Street Group LLC reduced its position in DMC Global Inc. (NASDAQ:BOOM) by 64.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,935 shares of the industrial products company’s stock after selling 21,496 shares during the quarter. Jane Street Group LLC owned 0.06% of DMC Global worth $155,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its position in DMC Global by 5.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 1,120 shares during the period. 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 worth $29,000 after acquiring an additional 1,334 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 worth $87,000 after acquiring an additional 1,373 shares during the period. Rhumbline Advisers increased its position in shares of DMC Global by 5.4% during the second quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 1,648 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of DMC Global during the second quarter worth approximately $25,000. 77.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of DMC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. Stifel Nicolaus lowered shares of DMC Global from a “buy” rating to a “hold” rating and reduced their target price for the stock from $16.00 to $8.00 in a research report on Wednesday, November 20th.

DMC Global Price Performance

NASDAQ BOOM opened at $7.40 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The firm’s 50 day moving average price is $7.74 and its 200-day moving average price is $10.82. DMC Global Inc. has a 52-week low of $6.64 and a 52-week high of $19.72. The company has a market cap of $148.19 million, a PE ratio of -0.94 and a beta of 1.59.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The business had revenue of $152.43 million for the quarter, compared to the consensus estimate of $152.00 million. During the same quarter in the prior year, the business posted $0.50 earnings per share. Sell-side analysts forecast that DMC Global Inc. will post -0.23 EPS for the current fiscal year.

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.