Royce & Associates LP increased its position in shares of Dynamic Materials Corp. (NASDAQ:BOOM) by 1.7% during the first quarter, Holdings Channel reports. The institutional investor owned 584,419 shares of the industrial products company’s stock after buying an additional 9,500 shares during the period. Royce & Associates LP owned about 3.97% of Dynamic Materials Corp. worth $7,247,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. American International Group Inc. increased its stake in shares of Dynamic Materials Corp. by 7.1% in the first quarter. American International Group Inc. now owns 8,636 shares of the industrial products company’s stock worth $107,000 after buying an additional 576 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Dynamic Materials Corp. by 5.0% in the first quarter. Wells Fargo & Company MN now owns 12,449 shares of the industrial products company’s stock worth $154,000 after buying an additional 595 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Dynamic Materials Corp. during the first quarter worth $213,000. SG Americas Securities LLC bought a new stake in shares of Dynamic Materials Corp. during the first quarter worth $243,000. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in shares of Dynamic Materials Corp. by 36.8% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 20,933 shares of the industrial products company’s stock worth $259,000 after buying an additional 5,633 shares in the last quarter. 84.96% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Dynamic Materials Corp. (NASDAQ BOOM) traded up 1.11% during midday trading on Friday, reaching $13.65. 117,852 shares of the company were exchanged. The stock’s market capitalization is $200.98 million. Dynamic Materials Corp. has a 12-month low of $9.20 and a 12-month high of $17.19. The company has a 50 day moving average price of $13.47 and a 200-day moving average price of $14.55.

Dynamic Materials Corp. (NASDAQ:BOOM) last posted its quarterly earnings results on Friday, April 28th. The industrial products company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. Dynamic Materials Corp. had a negative return on equity of 7.03% and a negative net margin of 5.80%. The business had revenue of $39 million during the quarter, compared to the consensus estimate of $37.85 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts forecast that Dynamic Materials Corp. will post $0.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.59%. Dynamic Materials Corp.’s dividend payout ratio is currently -12.70%.

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A number of brokerages recently weighed in on BOOM. TheStreet raised shares of Dynamic Materials Corp. from a “d+” rating to a “c-” rating in a research note on Thursday, April 27th. ValuEngine raised shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Dynamic Materials Corp. from a “buy” rating to a “hold” rating in a research note on Monday, March 13th. Finally, Roth Capital set a $19.00 target price on shares of Dynamic Materials Corp. and gave the company a “buy” rating in a research note on Saturday, March 11th.

About Dynamic Materials Corp.

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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