22Nw LP Increases Position in Dmc Global Inc (BOOM)

22Nw LP boosted its position in shares of Dmc Global Inc (NASDAQ:BOOM) by 30.8% in the third quarter, Holdings Channel reports. The institutional investor owned 105,306 shares of the industrial products company’s stock after acquiring an additional 24,827 shares during the period. Dmc Global comprises approximately 2.3% of 22Nw LP’s investment portfolio, making the stock its 16th biggest holding. 22Nw LP’s holdings in Dmc Global were worth $4,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new position in Dmc Global during the second quarter valued at approximately $135,000. ClariVest Asset Management LLC lifted its stake in shares of Dmc Global by 22,957.1% in the 2nd quarter. ClariVest Asset Management LLC now owns 3,228 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 3,214 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Dmc Global in the 2nd quarter valued at approximately $230,000. Shepherd Kaplan Krochuk LLC bought a new stake in shares of Dmc Global in the 2nd quarter valued at approximately $248,000. Finally, Voya Investment Management LLC bought a new stake in shares of Dmc Global in the 2nd quarter valued at approximately $255,000. 81.56% of the stock is owned by institutional investors.

Shares of NASDAQ BOOM opened at $35.35 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. Dmc Global Inc has a fifty-two week low of $18.56 and a fifty-two week high of $51.05. The company has a market capitalization of $515.94 million, a PE ratio of 220.94, a price-to-earnings-growth ratio of 0.87 and a beta of 0.55.

Dmc Global (NASDAQ:BOOM) last issued its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.19. Dmc Global had a return on equity of 22.24% and a net margin of 4.56%. The firm had revenue of $87.88 million for the quarter, compared to the consensus estimate of $83.35 million. On average, equities research analysts anticipate that Dmc Global Inc will post 2 earnings per share for the current year.

Several research firms have recently issued reports on BOOM. BidaskClub lowered Dmc Global from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 30th. ValuEngine lowered Dmc Global from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Stifel Nicolaus began coverage on Dmc Global in a research note on Monday, September 10th. They issued a “buy” rating and a $53.00 price objective for the company. Zacks Investment Research lowered Dmc Global from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Finally, TheStreet raised Dmc Global from a “c” rating to a “b-” rating in a research note on Wednesday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $51.00.

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Dmc Global Profile

DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.

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Institutional Ownership by Quarter for Dmc Global (NASDAQ:BOOM)

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