Wells Fargo & Company MN lifted its holdings in shares of Dmc Global Inc (NASDAQ:BOOM) by 52.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,265 shares of the industrial products company’s stock after acquiring an additional 6,306 shares during the quarter. Wells Fargo & Company MN owned approximately 0.12% of Dmc Global worth $309,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Rhumbline Advisers lifted its holdings in Dmc Global by 7.6% during the 2nd quarter. Rhumbline Advisers now owns 16,468 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 1,170 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Dmc Global by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 25,019 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 1,588 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in Dmc Global during the 3rd quarter worth approximately $939,000. Bank of New York Mellon Corp lifted its holdings in Dmc Global by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,499 shares of the industrial products company’s stock worth $989,000 after purchasing an additional 302 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in Dmc Global by 22.7% during the 3rd quarter. Nationwide Fund Advisors now owns 106,789 shares of the industrial products company’s stock worth $1,805,000 after purchasing an additional 19,721 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.
Several research firms recently weighed in on BOOM. Zacks Investment Research cut Dmc Global from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub cut Dmc Global from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Finally, Roth Capital set a $22.00 price objective on Dmc Global and gave the company a “buy” rating in a report on Tuesday, October 24th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $23.00.
In other news, insider Kevin T. Longe sold 3,642 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $21.50, for a total transaction of $78,303.00. Following the completion of the transaction, the insider now owns 225,089 shares of the company’s stock, valued at approximately $4,839,413.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by insiders.
Dmc Global Inc (NASDAQ:BOOM) opened at $21.80 on Tuesday. The company has a current ratio of 2.76, a quick ratio of 1.80 and a debt-to-equity ratio of 0.21. Dmc Global Inc has a fifty-two week low of $11.60 and a fifty-two week high of $26.15. The company has a market capitalization of $319.76, a price-to-earnings ratio of -16.39, a PEG ratio of 0.94 and a beta of 0.69.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Sunday, December 31st were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.37%. Dmc Global’s dividend payout ratio (DPR) is currently -6.01%.
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Dmc Global 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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