DMC Global Inc. (NASDAQ:BOOM) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its holdings in shares of DMC Global Inc. (NASDAQ:BOOM) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,590 shares of the industrial products company’s stock after buying an additional 4,579 shares during the period. Empowered Funds LLC’s holdings in DMC Global were worth $703,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of DMC Global by 146.1% during the 3rd quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 1,334 shares in the last quarter. Quest Partners LLC lifted its stake in shares of DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 1,373 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of DMC Global during the third quarter worth about $130,000. FNY Investment Advisers LLC boosted its position in shares of DMC Global by 82.4% in the fourth quarter. FNY Investment Advisers LLC now owns 15,500 shares of the industrial products company’s stock worth $113,000 after buying an additional 7,000 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in shares of DMC Global by 5.6% in the third quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock valued at $274,000 after buying an additional 1,120 shares in the last quarter. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BOOM. StockNews.com cut DMC Global from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus downgraded shares of DMC Global from a “buy” rating to a “hold” rating and decreased their target price for the company from $16.00 to $8.00 in a research note on Wednesday, November 20th.

DMC Global Trading Up 3.5 %

NASDAQ:BOOM opened at $8.90 on Wednesday. The stock has a market cap of $178.27 million, a price-to-earnings ratio of -1.13 and a beta of 1.59. DMC Global Inc. has a one year low of $6.64 and a one year 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 business’s 50-day simple moving average is $7.64 and its 200 day simple moving average is $9.72.

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.