DMC Global Inc. (NASDAQ:BOOM) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its stake in DMC Global Inc. (NASDAQ:BOOM) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 552,498 shares of the industrial products company’s stock after selling 2,431 shares during the period. Cerity Partners LLC owned about 2.76% of DMC Global worth $7,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BOOM. Steel Partners Holdings L.P. boosted its position in shares of DMC Global by 610.5% during the second quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock worth $28,451,000 after buying an additional 1,695,336 shares during the period. AQR Capital Management LLC grew its position in DMC Global by 202.7% in the 2nd quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock valued at $3,642,000 after acquiring an additional 169,150 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in DMC Global by 11.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock worth $15,219,000 after purchasing an additional 112,138 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in shares of DMC Global by 25.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock worth $5,656,000 after purchasing an additional 80,774 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of DMC Global in the second quarter valued at approximately $1,090,000. Hedge funds and other institutional investors own 77.63% of the company’s stock.

DMC Global Stock Down 0.1 %

Shares of DMC Global stock opened at $7.92 on Thursday. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. DMC Global Inc. has a 52-week low of $7.16 and a 52-week high of $19.73. The company has a market capitalization of $158.64 million, a P/E ratio of -1.01 and a beta of 1.66. The company has a 50 day moving average of $10.94 and a 200 day moving average of $12.22.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The firm had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. During the same quarter in the previous year, the firm posted $0.50 EPS. As a group, research analysts forecast that DMC Global Inc. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and set a $24.00 target price on shares of DMC Global in a research note on Wednesday, July 31st. Stifel Nicolaus lowered DMC Global from a “buy” rating to a “hold” rating and cut their price objective for the stock from $16.00 to $8.00 in a research report on Wednesday, November 20th. Finally, StockNews.com lowered DMC Global from a “hold” rating to a “sell” rating in a report on Friday, November 22nd.

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.