DMC Global Inc. (NASDAQ:BOOM) Short Interest Down 21.0% in April

DMC Global Inc. (NASDAQ:BOOM) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 374,200 shares, a drop of 21.0% from the March 31st total of 473,900 shares. Based on an average daily volume of 236,800 shares, the short-interest ratio is presently 1.6 days. Currently, 2.0% of the company’s stock are short sold.

Institutional Investors Weigh In On DMC Global

A number of hedge funds have recently modified their holdings of BOOM. PNC Financial Services Group Inc. grew its stake in shares of DMC Global by 82.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 606 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of DMC Global in the first quarter worth approximately $26,000. New York State Teachers Retirement System purchased a new stake in shares of DMC Global in the third quarter worth $42,000. Covestor Ltd bought a new stake in shares of DMC Global during the 3rd quarter valued at $50,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of DMC Global by 722.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock valued at $75,000 after buying an additional 3,488 shares in the last quarter. Institutional investors own 77.63% of the company’s stock.

DMC Global Stock Performance

BOOM stock traded up $0.07 during trading on Monday, reaching $16.56. The stock had a trading volume of 204,017 shares, compared to its average volume of 239,397. The stock’s 50 day moving average is $17.74 and its two-hundred day moving average is $17.65. The firm has a market cap of $327.72 million, a PE ratio of 15.33 and a beta of 1.62. DMC Global has a 52 week low of $14.89 and a 52 week high of $27.16. The company has a current ratio of 2.58, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25.

DMC Global (NASDAQ:BOOM) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.07). DMC Global had a net margin of 3.29% and a return on equity of 9.14%. The business had revenue of $174.04 million for the quarter, compared to the consensus estimate of $170.80 million. During the same quarter last year, the firm posted $0.22 earnings per share. As a group, equities analysts anticipate that DMC Global will post 1.58 earnings per share for the current year.

Analysts Set New Price Targets

BOOM has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their target price on DMC Global from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. StockNews.com upgraded shares of DMC Global from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th.

DMC Global Company Profile

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.