Granite Investment Partners LLC Has $294,000 Stake in Dmc Global Inc (BOOM)

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Granite Investment Partners LLC lowered its position in shares of Dmc Global Inc (NASDAQ:BOOM) by 45.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,371 shares of the industrial products company’s stock after selling 6,857 shares during the period. Granite Investment Partners LLC owned approximately 0.06% of Dmc Global worth $294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BOOM. Great West Life Assurance Co. Can grew its position in Dmc Global by 4,820.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,706 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 2,651 shares during the period. Northern Trust Corp grew its position in Dmc Global by 1.3% in the fourth quarter. Northern Trust Corp now owns 180,384 shares of the industrial products company’s stock valued at $6,335,000 after acquiring an additional 2,296 shares during the period. Bank of New York Mellon Corp grew its position in Dmc Global by 10.2% in the fourth quarter. Bank of New York Mellon Corp now owns 61,882 shares of the industrial products company’s stock valued at $2,174,000 after acquiring an additional 5,751 shares during the period. BlackRock Inc. grew its position in Dmc Global by 2.8% in the fourth quarter. BlackRock Inc. now owns 972,696 shares of the industrial products company’s stock valued at $34,161,000 after acquiring an additional 26,653 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in shares of Dmc Global by 935.0% during the fourth quarter. Mackenzie Financial Corp now owns 82,798 shares of the industrial products company’s stock worth $2,908,000 after purchasing an additional 74,798 shares during the last quarter. Institutional investors own 88.26% of the company’s stock.

BOOM has been the topic of several research analyst reports. Stephens initiated coverage on Dmc Global in a report on Wednesday, January 9th. They set an “overweight” rating and a $50.00 target price on the stock. Sidoti set a $49.00 target price on Dmc Global and gave the stock a “buy” rating in a report on Friday, February 22nd. BidaskClub cut Dmc Global from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Zacks Investment Research cut Dmc Global from a “hold” rating to a “sell” rating in a report on Thursday, February 14th. Finally, Stifel Nicolaus set a $53.00 target price on Dmc Global and gave the stock a “buy” rating in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $50.33.

In related news, Director Yvon Pierre Cariou sold 17,393 shares of the firm’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 transaction, the director now owns 129,135 shares in the company, valued at $6,031,895.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by company insiders.

Shares of BOOM stock opened at $45.35 on Thursday. The company has a current ratio of 2.05, a quick ratio of 1.26 and a debt-to-equity ratio of 0.28. The firm has a market cap of $675.72 million, a PE ratio of 21.91, a price-to-earnings-growth ratio of 0.89 and a beta of 0.65. Dmc Global Inc has a 52 week low of $24.95 and a 52 week high of $51.05.

Dmc Global (NASDAQ:BOOM) last announced its earnings results on Thursday, February 21st. The industrial products company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. The company had revenue of $90.30 million for 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%. The business’s revenue for the quarter was up 65.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, equities analysts predict that Dmc Global Inc will post 2.55 EPS for the current year.

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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 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.

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

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