American International Group Inc. raised its stake in shares of Dynamic Materials Corp. (NASDAQ:BOOM) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,636 shares of the industrial products company’s stock after buying an additional 576 shares during the period. American International Group Inc.’s holdings in Dynamic Materials Corp. were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BOOM. Norges Bank purchased a new stake in Dynamic Materials Corp. during the fourth quarter worth about $995,000. Dimensional Fund Advisors LP raised its stake in 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 in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in Dynamic Materials Corp. by 15.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 311,001 shares of the industrial products company’s stock worth $3,856,000 after buying an additional 40,681 shares in the last quarter. State Street Corp raised its stake in 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 in the last quarter. Finally, Renaissance Technologies LLC raised its stake in 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 in the last quarter. Hedge funds and other institutional investors own 84.66% of the company’s stock.

Dynamic Materials Corp. (NASDAQ:BOOM) traded up 0.74% during mid-day trading on Friday, hitting $13.60. 1,717 shares of the stock were exchanged. The company has a 50 day moving average price of $13.25 and a 200 day moving average price of $13.87. Dynamic Materials Corp. has a 52 week low of $9.80 and a 52 week high of $17.19. The stock’s market cap is $200.87 million.

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

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.08 dividend on an annualized basis and a yield of 0.59%. Dynamic Materials Corp.’s payout ratio is currently -14.04%.

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A number of analysts have recently issued reports on the stock. ValuEngine upgraded shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, TheStreet upgraded shares of Dynamic Materials Corp. from a “d+” rating to a “c-” rating in a research note on Thursday, April 27th.

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

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

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