Charles Schwab Investment Management Inc. Sells 10,938 Shares of DMC Global Inc. (NASDAQ:BOOM)

Charles Schwab Investment Management Inc. trimmed its stake in shares of DMC Global Inc. (NASDAQ:BOOM) by 6.9% in the third quarter, HoldingsChannel.com reports. The fund owned 148,562 shares of the industrial products company’s stock after selling 10,938 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in DMC Global were worth $1,928,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BOOM. CWM LLC raised its stake in DMC Global by 1,245.4% in the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 2,553 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of DMC Global by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 90,502 shares of the industrial products company’s stock valued at $1,305,000 after buying an additional 7,528 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of DMC Global by 315.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,573 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 4,231 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of DMC Global by 9.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 144,161 shares of the industrial products company’s stock worth $2,079,000 after acquiring an additional 12,038 shares during the period. Finally, Deuterium Capital Management LLC acquired a new stake in shares of DMC Global during the 2nd quarter worth approximately $332,000. 77.63% of the stock is owned by institutional investors and hedge funds.

DMC Global Trading Down 2.8 %

Shares of DMC Global stock opened at $7.19 on Tuesday. The firm’s 50 day moving average is $9.52 and its 200 day moving average is $11.70. The firm has a market capitalization of $143.99 million, a PE ratio of -0.91 and a beta of 1.58. DMC Global Inc. has a 1 year low of $7.11 and a 1 year high of $19.73. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28.

DMC Global (NASDAQ:BOOM) last posted its earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share 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 company had revenue of $152.43 million for the quarter, compared to the consensus estimate of $152.00 million. During the same period in the previous year, the firm posted $0.50 EPS. Equities research analysts forecast that DMC Global Inc. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on BOOM. StockNews.com cut DMC Global from a “hold” rating to a “sell” rating in a research note on Saturday. Stifel Nicolaus downgraded DMC Global from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $16.00 to $8.00 in a research report on Wednesday, November 20th.

About DMC Global

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.