DMC Global Inc. (NASDAQ:BOOM) Shares Sold by Yakira Capital Management Inc.

Yakira Capital Management Inc. decreased its holdings in DMC Global Inc. (NASDAQ:BOOM) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,700 shares of the industrial products company’s stock after selling 4,400 shares during the period. Yakira Capital Management Inc. owned about 0.10% of DMC Global worth $145,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in DMC Global by 92.4% in the third quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock valued at $1,236,000 after purchasing an additional 45,722 shares during the period. Barclays PLC boosted its stake in shares of DMC Global by 291.0% in the 3rd quarter. Barclays PLC now owns 26,741 shares of the industrial products company’s stock valued at $347,000 after buying an additional 19,901 shares during the period. State Street Corp grew its position in shares of DMC Global by 2.7% during the third quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock worth $5,226,000 after buying an additional 10,561 shares in the last quarter. Hunter Associates Investment Management LLC increased its stake in shares of DMC Global by 19.1% during the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after buying an additional 67,410 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in DMC Global by 7.4% in the fourth quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 1,654 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

DMC Global Stock Performance

Shares of DMC Global stock opened at $7.02 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. DMC Global Inc. has a 52 week low of $6.41 and a 52 week high of $19.12. The firm’s 50 day moving average is $8.37 and its two-hundred day moving average is $8.99. The firm has a market capitalization of $142.10 million, a P/E ratio of -0.89 and a beta of 1.41.

DMC Global (NASDAQ:BOOM) last posted its earnings results on Monday, February 24th. The industrial products company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.38. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The firm had revenue of $152.37 million for the quarter, compared to the consensus estimate of $140.50 million. Research analysts forecast that DMC Global Inc. will post -0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BOOM has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price objective on shares of DMC Global from $8.00 to $9.50 and gave the company a “hold” rating in a research report on Wednesday, February 26th. StockNews.com upgraded DMC Global from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th.

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.