First Eagle Investment Management LLC Has $1.09 Million Stock Position in DMC Global Inc. (NASDAQ:BOOM)

First Eagle Investment Management LLC boosted its stake in DMC Global Inc. (NASDAQ:BOOMGet Rating) by 95.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 27,500 shares of the industrial products company’s stock after buying an additional 13,400 shares during the period. First Eagle Investment Management LLC owned approximately 0.15% of DMC Global worth $1,089,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Citigroup Inc. grew its stake in DMC Global by 44.2% in the 4th quarter. Citigroup Inc. now owns 14,555 shares of the industrial products company’s stock valued at $577,000 after buying an additional 4,464 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in DMC Global by 14.7% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 177,471 shares of the industrial products company’s stock valued at $7,030,000 after purchasing an additional 22,799 shares during the period. Dimensional Fund Advisors LP boosted its holdings in DMC Global by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 565,893 shares of the industrial products company’s stock valued at $22,415,000 after purchasing an additional 13,052 shares during the period. Baird Financial Group Inc. bought a new stake in DMC Global in the 4th quarter valued at about $226,000. Finally, Bank of America Corp DE boosted its holdings in DMC Global by 31.1% in the 4th quarter. Bank of America Corp DE now owns 24,408 shares of the industrial products company’s stock valued at $967,000 after purchasing an additional 5,784 shares during the period. Institutional investors and hedge funds own 96.59% of the company’s stock.

Shares of DMC Global stock traded down $0.06 on Friday, reaching $21.66. 102,122 shares of the stock were exchanged, compared to its average volume of 152,189. The firm’s 50 day moving average is $27.92 and its 200-day moving average is $35.12. DMC Global Inc. has a one year low of $18.74 and a one year high of $63.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.93 and a current ratio of 2.11.

DMC Global (NASDAQ:BOOMGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The industrial products company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.20. The company had revenue of $138.70 million during the quarter, compared to the consensus estimate of $129.25 million. DMC Global had a negative net margin of 1.14% and a negative return on equity of 0.05%. The firm’s quarterly revenue was up 149.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS. As a group, equities research analysts forecast that DMC Global Inc. will post 0.21 earnings per share for the current fiscal year.

In related news, CEO Kevin T. Longe sold 5,854 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $21.77, for a total transaction of $127,441.58. Following the completion of the transaction, the chief executive officer now directly owns 71,118 shares in the company, valued at approximately $1,548,238.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard P. Graff sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of $34.58, for a total transaction of $34,580.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,876 shares of company stock valued at $162,506. 1.80% of the stock is owned by corporate insiders.

A number of analysts have issued reports on BOOM shares. Sidoti cut their price objective on shares of DMC Global from $55.00 to $41.00 and set a “buy” rating for the company in a report on Friday, March 4th. StockNews.com raised shares of DMC Global from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Roth Capital cut their price target on shares of DMC Global from $50.00 to $35.00 in a report on Tuesday, May 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $41.33.

DMC Global Company Profile (Get Rating)

DMC Global Inc provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building materials, including storefronts and entrances, windows, curtain walls, and interior partitions; architectural components, architectural framing systems, and sun control products; sliding and glazing systems; and engineered steel, aluminum, and wood door and window systems.

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

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