DMC Global Inc. (NASDAQ:BOOM) Shares Sold by Yakira Capital Management Inc.

Yakira Capital Management Inc. lowered its stake in DMC Global Inc. (NASDAQ:BOOM) by 18.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,700 shares of the industrial products company’s stock after selling 4,400 shares during the period. Yakira Capital Management Inc.’s holdings in DMC Global were worth $145,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BOOM. FMR LLC raised its position in DMC Global by 146.1% during the 3rd quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after buying an additional 1,334 shares during the last quarter. Quantbot Technologies LP acquired a new stake in DMC Global in the fourth quarter valued at about $50,000. AlphaQuest LLC boosted its holdings in DMC Global by 27.9% in the 4th quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 1,876 shares in the last quarter. Wells Fargo & Company MN increased its position in DMC Global by 29.5% during the 4th quarter. Wells Fargo & Company MN now owns 11,701 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 2,667 shares during the period. Finally, FNY Investment Advisers LLC lifted its holdings in shares of DMC Global by 82.4% in the 4th quarter. FNY Investment Advisers LLC now owns 15,500 shares of the industrial products company’s stock valued at $113,000 after buying an additional 7,000 shares during the period. Hedge funds and other institutional investors own 77.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BOOM. StockNews.com upgraded DMC Global from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Stifel Nicolaus increased their price target on shares of DMC Global from $8.00 to $9.50 and gave the company a “hold” rating in a report on Wednesday, February 26th.

DMC Global Price Performance

Shares of NASDAQ:BOOM opened at $7.02 on Friday. The firm has a market capitalization of $142.10 million, a price-to-earnings ratio of -0.89 and a beta of 1.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The business’s 50 day simple moving average is $8.37 and its 200-day simple moving average is $8.99. DMC Global Inc. has a 12 month low of $6.41 and a 12 month high of $19.12.

DMC Global (NASDAQ:BOOM) last posted its earnings results on Monday, February 24th. The industrial products company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.38. The company had revenue of $152.37 million for the quarter, compared to the consensus estimate of $140.50 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. As a group, equities analysts forecast that DMC Global Inc. will post -0.23 earnings per share for the current fiscal year.

About DMC Global

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.