Fred Alger Management Inc. cut its position in shares of Dmc Global Inc (NASDAQ:BOOM) by 42.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267,679 shares of the industrial products company’s stock after selling 194,217 shares during the period. Fred Alger Management Inc. owned 1.81% of Dmc Global worth $6,705,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in BOOM. EAM Investors LLC acquired a new position in shares of Dmc Global during the 4th quarter worth about $2,691,000. Granahan Investment Management Inc. MA increased its stake in shares of Dmc Global by 75.3% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 158,951 shares of the industrial products company’s stock worth $2,686,000 after purchasing an additional 68,284 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Dmc Global by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 726,083 shares of the industrial products company’s stock worth $9,512,000 after purchasing an additional 53,899 shares during the last quarter. Royce & Associates LP increased its stake in shares of Dmc Global by 9.0% during the 3rd quarter. Royce & Associates LP now owns 628,419 shares of the industrial products company’s stock worth $10,620,000 after purchasing an additional 52,000 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of Dmc Global during the 4th quarter worth about $1,182,000. Institutional investors own 86.34% of the company’s stock.
Several research analysts have recently weighed in on BOOM shares. BidaskClub upgraded shares of Dmc Global from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 9th. Zacks Investment Research lowered shares of Dmc Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $23.00.
Dmc Global (NASDAQ:BOOM) last announced its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.09. Dmc Global had a negative net margin of 9.78% and a positive return on equity of 1.95%. The business had revenue of $54.50 million for the quarter, compared to analyst estimates of $54.87 million. During the same quarter in the prior year, the business earned ($0.15) EPS. Dmc Global’s quarterly revenue was up 35.7% on a year-over-year basis. equities analysts forecast that Dmc Global Inc will post 1.26 earnings per share for the current year.
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Dmc Global Company Profile
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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