Graham Capital Management L.P. Acquires New Position in DMC Global Inc. (NASDAQ:BOOM)

Graham Capital Management L.P. purchased a new stake in shares of DMC Global Inc. (NASDAQ:BOOM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 32,366 shares of the industrial products company’s stock, valued at approximately $238,000. Graham Capital Management L.P. owned approximately 0.16% of DMC Global as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of DMC Global by 291.0% in the third quarter. Barclays PLC now owns 26,741 shares of the industrial products company’s stock worth $347,000 after buying an additional 19,901 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of DMC Global by 92.4% during the third quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock valued at $1,236,000 after acquiring an additional 45,722 shares during the period. Hunter Associates Investment Management LLC lifted its holdings in shares of DMC Global by 19.1% during the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock valued at $3,078,000 after acquiring an additional 67,410 shares during the period. Empowered Funds LLC grew its holdings in shares of DMC Global by 5.0% during the fourth quarter. Empowered Funds LLC now owns 95,590 shares of the industrial products company’s stock worth $703,000 after purchasing an additional 4,579 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of DMC Global by 7.4% during the fourth quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,654 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

Wall Street Analyst Weigh In

BOOM has been the topic of several recent research reports. Stifel Nicolaus decreased their price target on DMC Global from $9.00 to $8.50 and set a “hold” rating on the stock in a report on Monday, May 5th. StockNews.com raised DMC Global from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th.

DMC Global Stock Performance

BOOM opened at $6.93 on Monday. The business has a fifty day simple moving average of $7.28 and a 200 day simple moving average of $7.73. The company has a market capitalization of $142.00 million, a PE ratio of -0.88 and a beta of 1.47. DMC Global Inc. has a 1 year low of $6.02 and a 1 year high of $15.14. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09.

DMC Global (NASDAQ:BOOM) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.19. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The firm had revenue of $159.29 million during the quarter, compared to the consensus estimate of $149.00 million. Research analysts expect that DMC Global Inc. will post -0.23 EPS for the current year.

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.