Empowered Funds LLC Raises Stock Holdings in DMC Global Inc. (NASDAQ:BOOM)

Empowered Funds LLC increased its stake in shares of DMC Global Inc. (NASDAQ:BOOM) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,590 shares of the industrial products company’s stock after purchasing an additional 4,579 shares during the quarter. Empowered Funds LLC owned approximately 0.48% of DMC Global worth $703,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hunter Associates Investment Management LLC grew its holdings in shares of DMC Global by 19.1% during the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after buying an additional 67,410 shares in the last quarter. Lakewood Asset Management LLC boosted its position in DMC Global by 40.8% during the fourth quarter. Lakewood Asset Management LLC now owns 22,257 shares of the industrial products company’s stock worth $164,000 after acquiring an additional 6,450 shares during the last quarter. FNY Investment Advisers LLC boosted its position in DMC Global by 82.4% during the fourth quarter. FNY Investment Advisers LLC now owns 15,500 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 7,000 shares during the last quarter. JPMorgan Chase & Co. grew its stake in DMC Global by 92.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock worth $1,236,000 after acquiring an additional 45,722 shares during the period. Finally, Barclays PLC raised its holdings in DMC Global by 291.0% in the 3rd quarter. Barclays PLC now owns 26,741 shares of the industrial products company’s stock valued at $347,000 after acquiring an additional 19,901 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

DMC Global Stock Up 3.5 %

Shares of BOOM opened at $8.90 on Wednesday. The firm has a market cap of $178.27 million, a PE ratio of -1.13 and a beta of 1.59. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. The company’s fifty day moving average is $7.64 and its two-hundred day moving average is $9.72. DMC Global Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $19.72.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BOOM shares. Stifel Nicolaus cut DMC Global from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $16.00 to $8.00 in a report on Wednesday, November 20th. StockNews.com cut DMC Global from a “hold” rating to a “sell” rating in a 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.