Wells Fargo & Company MN Boosts Stake in Dynamic Materials Corp. (BOOM)

Wells Fargo & Company MN increased its position in Dynamic Materials Corp. (NASDAQ:BOOM) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,449 shares of the industrial products company’s stock after buying an additional 595 shares during the period. Wells Fargo & Company MN owned 0.08% of Dynamic Materials Corp. worth $154,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Dynamic Materials Corp. by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 634,130 shares of the industrial products company’s stock worth $10,051,000 after buying an additional 41,009 shares during the period. State Street Corp increased its position in shares of Dynamic Materials Corp. by 23.9% in the fourth quarter. State Street Corp now owns 191,899 shares of the industrial products company’s stock worth $3,041,000 after buying an additional 36,994 shares during the period. Renaissance Technologies LLC increased its position in shares of Dynamic Materials Corp. by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 138,568 shares of the industrial products company’s stock worth $2,196,000 after buying an additional 21,068 shares during the period. Norges Bank bought a new position in shares of Dynamic Materials Corp. during the fourth quarter worth about $995,000. Finally, Two Sigma Investments LP increased its position in shares of Dynamic Materials Corp. by 246.0% in the fourth quarter. Two Sigma Investments LP now owns 38,897 shares of the industrial products company’s stock worth $617,000 after buying an additional 27,656 shares during the period. Institutional investors own 85.47% of the company’s stock.

Shares of Dynamic Materials Corp. (NASDAQ:BOOM) traded down 2.95% during midday trading on Friday, reaching $13.15. The company’s stock had a trading volume of 72,204 shares. The company’s market capitalization is $194.23 million. The company’s 50-day moving average price is $13.41 and its 200 day moving average price is $13.76. Dynamic Materials Corp. has a 12-month low of $9.80 and a 12-month high of $17.19.

Dynamic Materials Corp. (NASDAQ:BOOM) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Dynamic Materials Corp. had a negative return on equity of 6.38% and a negative net margin of 5.01%. The business had revenue of $47.20 million during the quarter, compared to analysts’ expectations of $44.20 million. During the same quarter last year, the business posted ($0.05) EPS. The business’s revenue was up 14.3% on a year-over-year basis.

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BOOM has been the subject of a number of analyst reports. Zacks Investment Research downgraded Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine upgraded Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet upgraded Dynamic Materials Corp. from a “d+” rating to a “c-” rating in a research report on Thursday, April 27th.

In other news, insider Ian Grieves sold 4,743 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $13.92, for a total value of $66,022.56. Following the completion of the transaction, the insider now owns 15,874 shares of the company’s stock, valued at approximately $220,966.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Dynamic Materials Corp. 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.

Institutional Ownership by Quarter for Dynamic Materials Corp. (NASDAQ:BOOM)

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