Rice Hall James & Associates LLC trimmed its position in Dmc Global Inc (NASDAQ:BOOM) by 47.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 30,172 shares of the industrial products company’s stock after selling 27,298 shares during the period. Rice Hall James & Associates LLC owned 0.21% of Dmc Global worth $1,911,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Dmc Global in the first quarter valued at $78,000. Quantamental Technologies LLC increased its holdings in Dmc Global by 29.6% in the first quarter. Quantamental Technologies LLC now owns 1,707 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 390 shares during the period. Legal & General Group Plc increased its holdings in Dmc Global by 16.0% in the fourth quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 356 shares during the period. Advisor Group Inc. increased its holdings in Dmc Global by 45.2% in the second quarter. Advisor Group Inc. now owns 2,243 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 698 shares during the period. Finally, Aperio Group LLC acquired a new stake in Dmc Global in the second quarter valued at $145,000. Institutional investors own 93.68% of the company’s stock.
A number of research firms recently weighed in on BOOM. BidaskClub downgraded Dmc Global from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 9th. Sidoti upgraded Dmc Global from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Wednesday, July 10th. Zacks Investment Research upgraded Dmc Global from a “sell” rating to a “hold” rating in a report on Wednesday. Chardan Capital restated a “buy” rating and issued a $79.00 price objective on shares of Dmc Global in a report on Thursday, July 25th. Finally, Roth Capital increased their price objective on Dmc Global from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Dmc Global presently has an average rating of “Hold” and an average price target of $67.33.
Dmc Global (NASDAQ:BOOM) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.29. Dmc Global had a return on equity of 35.18% and a net margin of 13.51%. The firm had revenue of $110.95 million during the quarter, compared to the consensus estimate of $104.84 million. During the same period last year, the business posted $0.45 EPS. The business’s revenue was up 37.1% compared to the same quarter last year. Analysts anticipate that Dmc Global Inc will post 3.67 EPS for the current year.
In other Dmc Global news, Director Richard P. Graff sold 1,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.44, for a total transaction of $65,440.00. Following the completion of the sale, the director now directly owns 32,243 shares in the company, valued at approximately $2,109,981.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.40% of the company’s stock.
Dmc Global Company 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 and sells 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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