Key Points
- Insider sale: Director James Schladen sold 17,718 shares on Dec. 3 at $6.00 for $106,308, trimming his stake by 3.22% to 532,958 shares (≈$3.20M).
- Recent results: DMC Global reported a quarterly EPS of -$0.08 (missing estimates) while revenue of $151.5M beat consensus; the stock trades near $6.36 with a market cap of $130.9M and 50-/200-day averages of $7.14/$7.31.
- Market view: Analysts’ consensus is a "Sell" with a $8.50 price target after downgrades, and institutional investors hold about 77.63% of the shares.
DMC Global (NASDAQ:BOOM - Get Free Report) insider James Schladen sold 17,718 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $6.00, for a total value of $106,308.00. Following the completion of the transaction, the insider owned 532,958 shares in the company, valued at approximately $3,197,748. The trade was a 3.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
James Schladen also recently made the following trade(s):
- On Tuesday, December 2nd, James Schladen sold 782 shares of DMC Global stock. The shares were sold at an average price of $6.00, for a total value of $4,692.00.
DMC Global Price Performance
Shares of BOOM opened at $6.36 on Thursday. The business's fifty day moving average is $7.14 and its 200 day moving average is $7.31. DMC Global has a 12-month low of $5.46 and a 12-month high of $9.92. The company has a quick ratio of 1.41, a current ratio of 2.76 and a debt-to-equity ratio of 0.21. The stock has a market cap of $130.95 million, a P/E ratio of -13.53 and a beta of 1.51.
DMC Global (NASDAQ:BOOM - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The industrial products company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.09). DMC Global had a negative net margin of 1.69% and a positive return on equity of 1.89%. The business had revenue of $151.53 million for the quarter, compared to the consensus estimate of $145.90 million. Sell-side analysts anticipate that DMC Global will post -0.23 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP bought a new position in DMC Global in the 3rd quarter valued at $31,000. PNC Financial Services Group Inc. boosted its holdings in shares of DMC Global by 236.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,865 shares of the industrial products company's stock worth $58,000 after buying an additional 4,823 shares during the last quarter. Van Den Berg Management I Inc. bought a new position in DMC Global during the third quarter valued at about $86,000. Jump Financial LLC purchased a new stake in shares of DMC Global during the 2nd quarter worth approximately $86,000. Finally, SG Americas Securities LLC bought a new stake in shares of DMC Global in the 3rd quarter worth approximately $91,000. Hedge funds and other institutional investors own 77.63% of the company's stock.
Analyst Ratings Changes
BOOM has been the subject of a number of analyst reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of DMC Global in a research note on Monday. Zacks Research downgraded DMC Global from a "hold" rating to a "strong sell" rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Sell" and a consensus price target of $8.50.
Read Our Latest Stock Analysis on DMC Global
DMC Global Company Profile
(
Get Free Report)
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.
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