Russell Investments Group Ltd. lowered its stake in Dmc Global Inc (NASDAQ:BOOM) by 48.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,711 shares of the industrial products company’s stock after selling 43,443 shares during the period. Russell Investments Group Ltd.’s holdings in Dmc Global were worth $1,911,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp grew its position in Dmc Global by 13.2% in the second quarter. Northern Trust Corp now owns 174,169 shares of the industrial products company’s stock worth $7,820,000 after acquiring an additional 20,242 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Dmc Global in the second quarter worth about $135,000. Voya Investment Management LLC purchased a new position in Dmc Global in the second quarter worth about $255,000. Manatuck Hill Partners LLC lifted its stake in Dmc Global by 631.9% in the second quarter. Manatuck Hill Partners LLC now owns 182,979 shares of the industrial products company’s stock worth $8,216,000 after purchasing an additional 157,979 shares during the last quarter. Finally, Raymond James & Associates bought a new stake in Dmc Global in the second quarter worth about $230,000. Institutional investors own 87.02% of the company’s stock.

Shares of NASDAQ BOOM opened at $35.63 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 2.15 and a debt-to-equity ratio of 0.35. Dmc Global Inc has a 1 year low of $20.11 and a 1 year high of $51.05. The stock has a market capitalization of $542.31 million, a price-to-earnings ratio of 222.69, a PEG ratio of 0.93 and a beta of 0.54.

Dmc Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.19. Dmc Global had a net margin of 4.56% and a return on equity of 22.24%. The firm had revenue of $87.88 million during the quarter, compared to the consensus estimate of $83.35 million. On average, sell-side analysts predict that Dmc Global Inc will post 2 earnings per share for the current fiscal year.

Several brokerages have issued reports on BOOM. Zacks Investment Research raised shares of Dmc Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 26th. BidaskClub downgraded shares of Dmc Global from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 30th. ValuEngine downgraded shares of Dmc Global from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. TheStreet raised shares of Dmc Global from a “c” rating to a “b-” rating in a research note on Wednesday, September 5th. Finally, Stifel Nicolaus began coverage on shares of Dmc Global in a research note on Monday, September 10th. They issued a “buy” rating and a $53.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $51.00.

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About Dmc Global

DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.

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Institutional Ownership by Quarter for Dmc Global (NASDAQ:BOOM)

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