Mesirow Financial Investment Management Inc. Cuts Holdings in DMC Global Inc. (NASDAQ:BOOM)

Mesirow Financial Investment Management Inc. trimmed its holdings in shares of DMC Global Inc. (NASDAQ:BOOM) by 21.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,055 shares of the industrial products company’s stock after selling 2,755 shares during the period. Mesirow Financial Investment Management Inc. owned about 0.05% of DMC Global worth $196,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in DMC Global in the 1st quarter valued at approximately $26,000. PNC Financial Services Group Inc. increased its stake in DMC Global by 82.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 606 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in DMC Global by 722.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 3,488 shares in the last quarter. Victory Capital Management Inc. purchased a new position in DMC Global in the 4th quarter valued at approximately $113,000. Finally, SG Americas Securities LLC increased its stake in DMC Global by 31.5% in the 4th quarter. SG Americas Securities LLC now owns 9,312 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,228 shares in the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

DMC Global Price Performance

NASDAQ:BOOM traded up $0.39 during trading hours on Wednesday, reaching $14.50. 116,634 shares of the company traded hands, compared to its average volume of 279,502. DMC Global Inc. has a 1-year low of $11.12 and a 1-year high of $27.16. The firm’s 50-day moving average is $13.80 and its 200-day moving average is $16.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 1.12. The stock has a market cap of $289.71 million, a P/E ratio of 11.57 and a beta of 1.65.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. DMC Global had a return on equity of 8.21% and a net margin of 3.61%. The business had revenue of $166.87 million for the quarter, compared to analysts’ expectations of $172.35 million. Equities research analysts expect that DMC Global Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com cut DMC Global from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Stifel Nicolaus lowered their target price on DMC Global from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, May 6th.

DMC Global Company 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.