Two Sigma Advisers LP reduced its position in shares of Dmc Global Inc (NASDAQ:BOOM) by 37.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,481 shares of the industrial products company’s stock after selling 18,800 shares during the quarter. Two Sigma Advisers LP owned about 0.21% of Dmc Global worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Lord Abbett & CO. LLC raised its holdings in Dmc Global by 17.9% during the 4th quarter. Lord Abbett & CO. LLC now owns 234,221 shares of the industrial products company’s stock worth $8,226,000 after purchasing an additional 35,611 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dmc Global by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 155,853 shares of the industrial products company’s stock worth $5,473,000 after purchasing an additional 10,755 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Dmc Global by 4,820.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,706 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 2,651 shares during the last quarter. Northern Trust Corp raised its holdings in Dmc Global by 1.3% during the 4th quarter. Northern Trust Corp now owns 180,384 shares of the industrial products company’s stock worth $6,335,000 after purchasing an additional 2,296 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Dmc Global by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 61,882 shares of the industrial products company’s stock worth $2,174,000 after purchasing an additional 5,751 shares during the last quarter. 88.58% of the stock is owned by hedge funds and other institutional investors.

Shares of BOOM stock opened at $65.00 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.05 and a quick ratio of 1.26. The stock has a market capitalization of $999.89 million, a PE ratio of 31.40, a P/E/G ratio of 1.00 and a beta of 0.66. Dmc Global Inc has a one year low of $28.15 and a one year high of $67.63.

Dmc Global (NASDAQ:BOOM) last announced its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $90.30 million during the quarter, compared to analysts’ expectations of $82.39 million. Dmc Global had a return on equity of 25.65% and a net margin of 9.34%. Dmc Global’s revenue was up 65.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. As a group, sell-side analysts expect that Dmc Global Inc will post 3.32 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Sunday, March 31st will be paid a $0.02 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. Dmc Global’s dividend payout ratio (DPR) is presently 3.86%.

In other news, Director Yvon Pierre Cariou sold 17,393 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $46.71, for a total value of $812,427.03. Following the completion of the sale, the director now directly owns 129,135 shares of the company’s stock, valued at approximately $6,031,895.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Several brokerages have weighed in on BOOM. BidaskClub raised Dmc Global from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Roth Capital boosted their price objective on Dmc Global from $50.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Zacks Investment Research cut Dmc Global from a “buy” rating to a “hold” rating in a report on Monday, January 21st. Sidoti set a $49.00 price objective on Dmc Global and gave the stock a “buy” rating in a report on Friday, February 22nd. Finally, Chardan Capital set a $79.00 price objective on Dmc Global and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $61.50.

WARNING: “Two Sigma Advisers LP Sells 18,800 Shares of Dmc Global Inc (BOOM)” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.watchlistnews.com/two-sigma-advisers-lp-sells-18800-shares-of-dmc-global-inc-boom/2962215.html.

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 and sells 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.

Further Reading: What is the Federal Reserve?

Want to see what other hedge funds are holding BOOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dmc Global Inc (NASDAQ:BOOM).

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

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.com's FREE daily email newsletter.