Olympiad Research LP Acquires 21,037 Shares of DMC Global Inc. (NASDAQ:BOOM)

Olympiad Research LP grew its stake in DMC Global Inc. (NASDAQ:BOOM) by 121.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,314 shares of the industrial products company’s stock after acquiring an additional 21,037 shares during the period. Olympiad Research LP owned 0.19% of DMC Global worth $497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in DMC Global during the first quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new position in DMC Global during the second quarter valued at approximately $25,000. CWM LLC boosted its position in DMC Global by 1,245.4% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 2,553 shares during the last quarter. BNP Paribas Financial Markets boosted its position in DMC Global by 68.4% during the first quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 3,974 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new position in DMC Global during the first quarter valued at approximately $194,000. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Stock Performance

NASDAQ BOOM opened at $9.88 on Thursday. The stock has a market cap of $197.99 million, a PE ratio of -1.25 and a beta of 1.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 2.53. The firm has a 50-day moving average of $11.84 and a 200-day moving average of $12.93. DMC Global Inc. has a 52-week low of $8.60 and a 52-week high of $19.73.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.40). DMC Global had a net margin of 2.29% and a return on equity of 6.06%. The firm had revenue of $152.43 million during the quarter, compared to the consensus estimate of $152.00 million. During the same quarter last year, the firm earned $0.50 earnings per share. On average, sell-side analysts anticipate that DMC Global Inc. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on BOOM shares. Stifel Nicolaus reduced their price target on DMC Global from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Roth Mkm restated a “buy” rating and issued a $24.00 price objective on shares of DMC Global in a research note on Wednesday, July 31st. Finally, StockNews.com cut DMC Global from a “hold” rating to a “sell” rating in a research report on Wednesday.

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.