Jump Financial LLC cut its stake in shares of DMC Global Inc. (NASDAQ:BOOM – Free Report) by 32.5% during the third quarter, Holdings Channel reports. The firm owned 32,254 shares of the industrial products company’s stock after selling 15,546 shares during the quarter. Jump Financial LLC’s holdings in DMC Global were worth $789,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Los Angeles Capital Management LLC raised its position in DMC Global by 78.1% during the third quarter. Los Angeles Capital Management LLC now owns 109,567 shares of the industrial products company’s stock valued at $2,681,000 after buying an additional 48,030 shares during the period. Rice Hall James & Associates LLC grew its stake in DMC Global by 0.7% in the third quarter. Rice Hall James & Associates LLC now owns 115,429 shares of the industrial products company’s stock valued at $2,825,000 after purchasing an additional 805 shares in the last quarter. Olympiad Research LP purchased a new position in DMC Global in the third quarter valued at about $262,000. Panagora Asset Management Inc. grew its stake in DMC Global by 167.8% in the third quarter. Panagora Asset Management Inc. now owns 121,536 shares of the industrial products company’s stock valued at $2,974,000 after purchasing an additional 76,159 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in DMC Global in the third quarter valued at about $42,000. 78.86% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at DMC Global
In other DMC Global news, Director James Oleary bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of $16.39 per share, for a total transaction of $81,950.00. Following the purchase, the director now directly owns 8,676 shares in the company, valued at $142,199.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
DMC Global Stock Performance
BOOM opened at $17.16 on Thursday. The company has a market cap of $339.08 million, a PE ratio of 10.79 and a beta of 1.67. The stock has a 50-day moving average of $17.51 and a 200-day moving average of $19.74. DMC Global Inc. has a 52-week low of $14.89 and a 52-week high of $28.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 2.45.
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, 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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