Quantbot Technologies LP Buys New Shares in DMC Global Inc. (NASDAQ:BOOM)

Quantbot Technologies LP purchased a new stake in shares of DMC Global Inc. (NASDAQ:BOOM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,862 shares of the industrial products company’s stock, valued at approximately $50,000.

A number of other hedge funds have also recently bought and sold shares of BOOM. FMR LLC raised its position in 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 in the last quarter. Victory Capital Management Inc. raised its holdings in shares of DMC Global by 7.4% in the 4th quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 1,654 shares during the period. AlphaQuest LLC grew its holdings in DMC Global by 27.9% during the fourth quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 1,876 shares during the period. Empowered Funds LLC increased its holdings in shares of DMC Global by 5.0% during the 4th quarter. Empowered Funds LLC now owns 95,590 shares of the industrial products company’s stock worth $703,000 after acquiring an additional 4,579 shares during the last quarter. Finally, Lakewood Asset Management LLC raised its position in shares of DMC Global by 40.8% in the fourth quarter. Lakewood Asset Management LLC now owns 22,257 shares of the industrial products company’s stock valued at $164,000 after purchasing an additional 6,450 shares during the period. 77.63% of the stock is currently owned by institutional investors.

DMC Global Stock Up 1.9 %

BOOM stock opened at $8.58 on Wednesday. DMC Global Inc. has a 52 week low of $6.65 and a 52 week high of $19.60. The business has a 50-day simple moving average of $8.35 and a 200 day simple moving average of $9.06. 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 has a market cap of $173.68 million, a PE ratio of -1.09 and a beta of 1.59.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Monday, February 24th. The industrial products company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.29) by $0.38. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The company had revenue of $152.37 million during the quarter, compared to analysts’ expectations of $140.50 million. Sell-side analysts anticipate that DMC Global Inc. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

BOOM has been the subject of several research reports. Stifel Nicolaus raised their price objective on shares of DMC Global from $8.00 to $9.50 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th.

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.