Insider Selling: Dmc Global Inc (BOOM) Director Sells 20,000 Shares of Stock

Dmc Global Inc (NASDAQ:BOOM) Director Yvon Pierre Cariou sold 20,000 shares of Dmc Global stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $27.10, for a total value of $542,000.00. Following the completion of the sale, the director now owns 173,852 shares of the company’s stock, valued at approximately $4,711,389.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of BOOM stock opened at $26.30 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.19 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $394.24, a PE ratio of -20.08, a price-to-earnings-growth ratio of 1.05 and a beta of 0.74. Dmc Global Inc has a fifty-two week low of $11.60 and a fifty-two week high of $28.95.

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Dmc Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $54.50 million during the quarter, compared to analysts’ expectations of $54.87 million. Dmc Global had a positive return on equity of 1.95% and a negative net margin of 9.78%. The firm’s revenue was up 35.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) EPS. equities research analysts forecast that Dmc Global Inc will post 1.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Saturday, March 31st will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.30%. The ex-dividend date is Wednesday, March 28th. Dmc Global’s dividend payout ratio (DPR) is -6.11%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Chartwell Investment Partners LLC purchased a new stake in Dmc Global in the 4th quarter valued at about $217,000. Alliancebernstein L.P. purchased a new stake in Dmc Global in the 4th quarter valued at about $223,000. Wells Fargo & Company MN grew its holdings in shares of Dmc Global by 52.7% during the 3rd quarter. Wells Fargo & Company MN now owns 18,265 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 6,306 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in shares of Dmc Global during the 4th quarter worth about $594,000. Finally, Chicago Equity Partners LLC purchased a new stake in shares of Dmc Global during the 4th quarter worth about $630,000. Institutional investors own 85.52% of the company’s stock.

Several analysts have commented on BOOM shares. BidaskClub cut Dmc Global from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research cut Dmc Global from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $25.50.

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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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