Dynamic Materials Corp. (BOOM) Plans Quarterly Dividend of $0.02
Dynamic Materials Corp. (NASDAQ:BOOM) declared a quarterly dividend on Friday, September 15th, NASDAQ reports. Shareholders of record on Saturday, September 30th will be paid a dividend of 0.02 per share by the industrial products company on Monday, October 16th. This represents a $0.08 annualized dividend and a yield of 0.48%. The ex-dividend date is Thursday, September 28th.
Shares of Dynamic Materials Corp. (NASDAQ BOOM) traded up 1.85% during trading on Friday, reaching $16.50. The company’s stock had a trading volume of 112,518 shares. Dynamic Materials Corp. has a 1-year low of $9.80 and a 1-year high of $17.19. The company’s market capitalization is $243.71 million. The stock has a 50 day moving average of $13.51 and a 200-day moving average of $13.34.
Dynamic Materials Corp. (NASDAQ:BOOM) last posted its earnings results on Thursday, July 27th. The industrial products company reported $0.04 EPS for the quarter, meeting the Zacks’ 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 company had revenue of $47.20 million for the quarter, compared to the consensus estimate of $44.20 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis.
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Several equities research analysts recently issued reports on BOOM shares. Zacks Investment Research downgraded Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. ValuEngine upgraded Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
In related news, insider Ian Grieves sold 4,743 shares of the business’s stock in a transaction 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 sale, the insider now owns 15,874 shares in the company, valued at approximately $220,966.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Dynamic Materials Corp. stock. State Street Corp increased its stake in shares of Dynamic Materials Corp. (NASDAQ:BOOM) by 7.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,940 shares of the industrial products company’s stock after purchasing an additional 14,471 shares during the quarter. State Street Corp owned 1.43% of Dynamic Materials Corp. worth $2,777,000 at the end of the most recent quarter. Institutional investors and hedge funds own 86.02% of the company’s stock.
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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