Steel Partners Holdings L.P. Has $6.43 Million Position in DMC Global $BOOM

Steel Partners Holdings L.P. lowered its position in DMC Global (NASDAQ:BOOM) by 7.3% during the second quarter, Holdings Channel reports. The firm owned 1,106,830 shares of the industrial products company’s stock after selling 87,611 shares during the period. DMC Global comprises 0.0% of Steel Partners Holdings L.P.’s portfolio, making the stock its 5th largest holding. Steel Partners Holdings L.P. owned 0.05% of DMC Global worth $6,430,682 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cooke & Bieler LP raised its stake in DMC Global by 0.8% during the fourth quarter. Cooke & Bieler LP now owns 1,988,267 shares of the industrial products company’s stock worth $13,302,000 after buying an additional 15,154 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in DMC Global by 3.8% in the second quarter. Ameriprise Financial Inc. now owns 923,491 shares of the industrial products company’s stock valued at $7,443,000 after buying an additional 33,539 shares during the period. Gendell Jeffrey L bought a new stake in DMC Global during the fourth quarter valued at $6,036,000. Federated Hermes Inc. boosted its position in DMC Global by 159.3% during the second quarter. Federated Hermes Inc. now owns 603,614 shares of the industrial products company’s stock valued at $4,865,000 after acquiring an additional 370,833 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in DMC Global by 0.3% during the 2nd quarter. Cerity Partners LLC now owns 554,254 shares of the industrial products company’s stock worth $4,467,000 after acquiring an additional 1,755 shares during the period. 77.63% of the stock is owned by institutional investors.

DMC Global Stock Down 1.9%

DMC Global stock opened at $6.86 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.23. DMC Global has a 12-month low of $4.69 and a 12-month high of $9.20. The firm’s fifty day moving average is $6.62 and its 200 day moving average is $6.47. The company has a market capitalization of $140.90 million, a PE ratio of -7.38 and a beta of 1.74.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.19. The business had revenue of $156.95 million during the quarter, compared to analysts’ expectations of $148.97 million. DMC Global had a negative net margin of 3.37% and a negative return on equity of 6.84%. As a group, sell-side analysts predict that DMC Global will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of DMC Global in a research report on Wednesday, August 19th. Stifel Nicolaus upped their target price on DMC Global from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen raised DMC Global from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.00.

DMC Global Company Profile

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.