Hunter Associates Investment Management LLC Sells 100,225 Shares of DMC Global $BOOM

Hunter Associates Investment Management LLC reduced its position in shares of DMC Global (NASDAQ:BOOM) by 25.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 296,910 shares of the industrial products company’s stock after selling 100,225 shares during the period. Hunter Associates Investment Management LLC’s holdings in DMC Global were worth $1,988,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BOOM. AQR Capital Management LLC bought a new position in DMC Global during the 1st quarter valued at about $214,000. Goldman Sachs Group Inc. lifted its holdings in DMC Global by 55.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 137,128 shares of the industrial products company’s stock valued at $1,155,000 after purchasing an additional 48,732 shares during the last quarter. Empowered Funds LLC lifted its holdings in DMC Global by 7.5% during the 1st quarter. Empowered Funds LLC now owns 102,806 shares of the industrial products company’s stock valued at $866,000 after purchasing an additional 7,216 shares during the last quarter. Jane Street Group LLC lifted its holdings in DMC Global by 102.5% during the 1st quarter. Jane Street Group LLC now owns 27,384 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 13,864 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in DMC Global by 39.9% during the 1st quarter. Focus Partners Wealth now owns 70,539 shares of the industrial products company’s stock valued at $594,000 after purchasing an additional 20,110 shares during the last quarter. 77.63% of the stock is owned by institutional investors.

DMC Global Trading Down 0.7%

BOOM opened at $5.42 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $111.00 million, a PE ratio of -6.09 and a beta of 1.65. DMC Global has a 1-year low of $4.69 and a 1-year high of $9.20. The firm has a 50-day moving average price of $6.52 and a two-hundred day moving average price of $6.96.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Monday, February 23rd. The industrial products company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.39). The company had revenue of $143.53 million during the quarter, compared to analyst estimates of $142.37 million. DMC Global had a negative net margin of 3.01% and a negative return on equity of 2.77%. As a group, equities analysts anticipate that DMC Global will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BOOM has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of DMC Global from $8.00 to $7.00 and set a “hold” rating for the company in a report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of DMC Global in a report on Monday, December 29th. Wall Street Zen downgraded shares of DMC Global from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Zacks Research downgraded shares of DMC Global from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Finally, Roth Mkm lowered their price objective on shares of DMC Global from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, DMC Global currently has a consensus rating of “Reduce” and an average target price of $8.50.

About DMC Global

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.