Barclays PLC Buys 19,901 Shares of DMC Global Inc. (NASDAQ:BOOM)

Barclays PLC grew its position in DMC Global Inc. (NASDAQ:BOOM) by 291.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 26,741 shares of the industrial products company’s stock after acquiring an additional 19,901 shares during the period. Barclays PLC owned 0.13% of DMC Global worth $347,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in DMC Global by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock valued at $15,219,000 after purchasing an additional 112,138 shares during the last quarter. State Street Corp raised its holdings in DMC Global by 2.7% in the 3rd quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock valued at $5,226,000 after buying an additional 10,561 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in DMC Global by 25.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock worth $5,656,000 after buying an additional 80,774 shares during the period. Hunter Associates Investment Management LLC grew its holdings in DMC Global by 1.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 352,233 shares of the industrial products company’s stock worth $4,565,000 after acquiring an additional 5,525 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in DMC Global by 202.7% in the 2nd quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock valued at $3,642,000 after acquiring an additional 169,150 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Stock Down 1.3 %

Shares of NASDAQ BOOM opened at $7.45 on Monday. DMC Global Inc. has a 52-week low of $6.64 and a 52-week high of $19.72. 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 company’s 50 day moving average price is $7.59 and its 200-day moving average price is $10.63. The company has a market capitalization of $149.22 million, a P/E ratio of -0.94 and a beta of 1.59.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Stifel Nicolaus cut shares of DMC Global from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $16.00 to $8.00 in a research note on Wednesday, November 20th. StockNews.com lowered DMC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th.

DMC Global 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.