DMC Global Inc. (NASDAQ:BOOM) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its stake in shares of DMC Global Inc. (NASDAQ:BOOM) by 31.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,000 shares of the industrial products company’s stock after selling 13,534 shares during the quarter. Marshall Wace LLP owned about 0.15% of DMC Global worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in DMC Global during the 1st quarter worth about $26,000. PNC Financial Services Group Inc. lifted its holdings in shares of DMC Global by 82.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 606 shares during the period. Meeder Asset Management Inc. purchased a new stake in DMC Global in the second quarter valued at approximately $25,000. CWM LLC increased its holdings in DMC Global by 1,245.4% in the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $40,000 after buying an additional 2,553 shares during the period. Finally, BNP Paribas Financial Markets raised its position in DMC Global by 68.4% during the 1st quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock worth $191,000 after buying an additional 3,974 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on BOOM shares. Roth Mkm reissued a “buy” rating and set a $24.00 target price on shares of DMC Global in a report on Wednesday, July 31st. Stifel Nicolaus reduced their price objective on DMC Global from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, September 17th.

DMC Global Price Performance

NASDAQ:BOOM opened at $13.46 on Friday. The stock has a 50 day moving average of $12.08 and a two-hundred day moving average of $13.92. DMC Global Inc. has a 12 month low of $10.45 and a 12 month high of $22.72. The firm has a market cap of $268.96 million, a P/E ratio of 11.03 and a beta of 1.63. The company has a current ratio of 2.53, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. DMC Global had a net margin of 2.29% and a return on equity of 6.06%. The firm had revenue of $171.18 million for the quarter, compared to analyst estimates of $165.45 million. During the same period in the previous year, the business posted $0.72 earnings per share. On average, analysts expect that DMC Global Inc. will post 0.95 earnings per share for the current fiscal year.

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.