2 weeks Ago By Defense World Staff
DMC Global Inc. ( NASDAQ:BOOM – Get Free Report ) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 482,000 shares, a growth of 16.
7% from the August 31st total of 413,000 shares. Based on an average daily trading volume, of 226,700 shares, the days-to-cover ratio is presently 2.1 days.
Currently, 2.9% of the company’s stock are sold short. Analyst Ratings Changes A number of research firms have recently issued reports on BOOM.
Stifel Nicolaus reduced their price target on shares of DMC Global from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th.
Roth Mkm restated a “buy” rating and set a $24.00 price objective on shares of DMC Global in a research report on Wednesday, July 31st. Read Our Latest Stock Analysis on DMC Global DMC Global Stock Performance DMC Global ( NASDAQ:BOOM – Get Free Report ) last released its quarterly earnings results on Thursday, August 1st.
The industrial products company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.
16. DMC Global had a return on equity of 6.06% and a net margin of 2.
29%. The company had revenue of $171.18 million for the quarter, compared to analysts’ expectations of $165.
45 million. During the same quarter in the previous year, the company posted $0.72 earnings per share.
On average, research analysts expect that DMC Global will post 0.95 earnings per share for the current fiscal year. Institutional Inflows and Outflows A number of institutional investors have recently added to or reduced their stakes in the business.
Pacific Ridge Capital Partners LLC raised its stake in shares of DMC Global by 25.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock valued at $5,656,000 after purchasing an additional 80,774 shares in the last quarter.
AQR Capital Management LLC increased its stake in DMC Global by 202.7% during the 2nd quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock valued at $3,642,000 after buying an additional 169,150 shares during the period.
Squarepoint Ops LLC raised its position in shares of DMC Global by 30.2% during the 2nd quarter. Squarepoint Ops LLC now owns 111,644 shares of the industrial products company’s stock worth $1,610,000 after buying an additional 25,921 shares in the last quarter.
Gabelli Funds LLC acquired a new stake in shares of DMC Global in the 2nd quarter worth approximately $224,000. Finally, Palouse Capital Management Inc. lifted its stake in shares of DMC Global by 23.
9% in the 2nd quarter. Palouse Capital Management Inc. now owns 14,381 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 2,776 shares during the period.
Institutional investors and hedge funds own 77.63% of the company’s stock. DMC Global Company Profile ( Get Free Report ) 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. Featured Articles Five stocks we like better than DMC Global What to Know About Investing in Penny Stocks CarMax’s Impressive Rally: What Investors Should Watch Next 3 Warren Buffett Stocks to Buy Now MarketBeat Week in Review – 9/23 – 9/27 How to Evaluate a Stock Before Buying Wake Up to This Biotech Stock That Still Has Big Potential Upside Receive News & Ratings for DMC Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DMC Global and related companies with MarketBeat.
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