DMC Global Inc. (NASDAQ:BOOM) Stock Holdings Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its stake in shares of DMC Global Inc. (NASDAQ:BOOM) by 79.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,582 shares of the industrial products company’s stock after selling 25,054 shares during the period. BNP Paribas Financial Markets’ holdings in DMC Global were worth $85,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of DMC Global during the second quarter valued at $25,000. FMR LLC lifted its stake in DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,334 shares in the last quarter. CWM LLC boosted its holdings in shares of DMC Global by 1,245.4% in the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $40,000 after buying an additional 2,553 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of DMC Global by 315.3% in the second 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 in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 1,373 shares during the period. 77.63% of the stock is owned by institutional investors.

DMC Global Price Performance

Shares of BOOM opened at $6.99 on Thursday. The business’s 50-day moving average is $9.28 and its 200-day moving average is $11.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The company has a market capitalization of $139.98 million, a price-to-earnings ratio of -0.89 and a beta of 1.58. DMC Global Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $19.73.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.40). The company had revenue of $152.43 million during the quarter, compared to analyst estimates of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same quarter in the prior year, the company posted $0.50 EPS. Equities research analysts expect that DMC Global Inc. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

BOOM has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered shares of DMC Global from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $16.00 to $8.00 in a research note on Wednesday, November 20th. StockNews.com cut DMC Global from a “hold” rating to a “sell” rating in a research report on Saturday, December 14th.

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.