BidaskClub downgraded shares of Dmc Global (NASDAQ:BOOM) from a buy rating to a hold rating in a report released on Saturday, February 3rd.
A number of other analysts have also weighed in on BOOM. Zacks Investment Research raised Dmc Global from a hold rating to a strong-buy rating and set a $24.00 price objective on the stock in a research report on Monday, October 30th. Roth Capital set a $22.00 price objective on Dmc Global and gave the stock a buy rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $23.00.
Dmc Global (NASDAQ BOOM) traded up $0.40 during trading on Friday, hitting $21.65. The stock had a trading volume of 82,892 shares, compared to its average volume of 68,517. Dmc Global has a 1-year low of $11.60 and a 1-year high of $26.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.80 and a current ratio of 2.76.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Sunday, December 31st were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, December 28th. Dmc Global’s dividend payout ratio (DPR) is presently -6.01%.
In related news, insider Kevin T. Longe sold 3,642 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $21.50, for a total value of $78,303.00. Following the transaction, the insider now owns 225,089 shares of the company’s stock, valued at $4,839,413.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its holdings in Dmc Global by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 358,862 shares of the industrial products company’s stock valued at $4,701,000 after buying an additional 1,830 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Dmc Global by 22.7% in the third quarter. Nationwide Fund Advisors now owns 106,789 shares of the industrial products company’s stock valued at $1,805,000 after acquiring an additional 19,721 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Dmc Global by 2.4% in the third quarter. New York State Common Retirement Fund now owns 392,457 shares of the industrial products company’s stock valued at $6,633,000 after acquiring an additional 9,127 shares in the last quarter. Royce & Associates LP boosted its stake in Dmc Global by 9.0% in the third quarter. Royce & Associates LP now owns 628,419 shares of the industrial products company’s stock valued at $10,620,000 after acquiring an additional 52,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Dmc Global by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 726,083 shares of the industrial products company’s stock valued at $9,512,000 after acquiring an additional 53,899 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
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Dmc Global Company Profile
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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