Pacific Ridge Capital Partners LLC Increases Holdings in DMC Global Inc. (NASDAQ:BOOM)

Pacific Ridge Capital Partners LLC increased its holdings in DMC Global Inc. (NASDAQ:BOOM) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 563,443 shares of the industrial products company’s stock after purchasing an additional 50,211 shares during the quarter. Pacific Ridge Capital Partners LLC owned 2.81% of DMC Global worth $4,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Cooke & Bieler LP boosted its stake in shares of DMC Global by 3.1% during the fourth quarter. Cooke & Bieler LP now owns 1,753,419 shares of the industrial products company’s stock valued at $12,888,000 after purchasing an additional 53,478 shares during the period. Hunter Associates Investment Management LLC lifted its stake in DMC Global by 19.1% in the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after acquiring an additional 67,410 shares during the period. State Street Corp boosted its holdings in DMC Global by 2.7% in the third quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock valued at $5,226,000 after acquiring an additional 10,561 shares in the last quarter. American Century Companies Inc. raised its holdings in DMC Global by 44.9% in the 4th quarter. American Century Companies Inc. now owns 140,979 shares of the industrial products company’s stock worth $1,036,000 after purchasing an additional 43,671 shares in the last quarter. Finally, Villanova Investment Management Co LLC increased its position in shares of DMC Global by 14.8% during the third quarter. Villanova Investment Management Co LLC now owns 132,939 shares of the industrial products company’s stock valued at $1,726,000 after buying an additional 17,110 shares during the period. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

DMC Global Stock Up 1.9 %

BOOM stock opened at $8.98 on Thursday. The stock has a market capitalization of $181.77 million, a P/E ratio of -1.14 and a beta of 1.59. 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 Inc. has a 1-year low of $6.65 and a 1-year high of $19.72. The business has a fifty day moving average price of $8.26 and a 200-day moving average price of $9.13.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Monday, February 24th. The industrial products company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.38. The business had revenue of $152.37 million during the quarter, compared to analyst estimates of $140.50 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. Equities analysts forecast that DMC Global Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of DMC Global from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Stifel Nicolaus upped their price target on shares of DMC Global from $8.00 to $9.50 and gave the stock a “hold” rating in a research note on Wednesday, February 26th.

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.