Dynamic Materials Corp. (NASDAQ:BOOM) declared a quarterly dividend on Thursday, December 14th, NASDAQ reports. Investors of record on Sunday, December 31st will be paid a dividend of 0.02 per share by the industrial products company on Monday, January 15th. This represents a $0.08 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, December 28th.
Dynamic Materials (NASDAQ:BOOM) opened at $20.90 on Friday. Dynamic Materials has a fifty-two week low of $11.60 and a fifty-two week high of $23.27. The company has a quick ratio of 1.80, a current ratio of 2.76 and a debt-to-equity ratio of 0.21.
Dynamic Materials (NASDAQ:BOOM) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.13. Dynamic Materials had a negative net margin of 10.69% and a negative return on equity of 1.20%. The company had revenue of $52.16 million for the quarter, compared to the consensus estimate of $46.25 million. During the same quarter in the prior year, the company earned ($0.19) EPS. Dynamic Materials’s quarterly revenue was up 42.7% on a year-over-year basis. research analysts expect that Dynamic Materials will post 0.21 EPS for the current year.
In other Dynamic Materials news, insider Kevin T. Longe sold 3,642 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $21.50, for a total value of $78,303.00. Following the sale, the insider now owns 225,089 shares in the company, valued at approximately $4,839,413.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Yvon Pierre Cariou sold 15,065 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $21.15, for a total value of $318,624.75. Following the completion of the sale, the director now owns 199,414 shares in the company, valued at approximately $4,217,606.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,642 shares of company stock worth $614,405. Insiders own 5.10% of the company’s stock.
A hedge fund recently raised its stake in Dynamic Materials stock. State Street Corp increased its holdings in shares of Dynamic Materials Corp. (NASDAQ:BOOM) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,940 shares of the industrial products company’s stock after buying an additional 14,471 shares during the period. State Street Corp owned about 1.43% of Dynamic Materials worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 86.44% of the stock is owned by institutional investors and hedge funds.
About Dynamic Materials
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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