Ameriprise Financial Inc. Boosts Position in Dynamic Materials Corp. (BOOM)
Ameriprise Financial Inc. increased its holdings in shares of Dynamic Materials Corp. (NASDAQ:BOOM) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,862 shares of the industrial products company’s stock after acquiring an additional 1,830 shares during the period. Ameriprise Financial Inc. owned approximately 2.43% of Dynamic Materials Corp. worth $4,701,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Dynamic Materials Corp. during the first quarter worth about $243,000. Wells Fargo & Company MN boosted its stake in Dynamic Materials Corp. by 5.0% during the first quarter. Wells Fargo & Company MN now owns 12,449 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 595 shares in the last quarter. Vanguard Group Inc. boosted its stake in Dynamic Materials Corp. by 2.4% during the first quarter. Vanguard Group Inc. now owns 583,360 shares of the industrial products company’s stock worth $7,234,000 after acquiring an additional 13,420 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Dynamic Materials Corp. by 5.4% during the first quarter. Renaissance Technologies LLC now owns 146,000 shares of the industrial products company’s stock worth $1,810,000 after acquiring an additional 7,432 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Dynamic Materials Corp. by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 672,184 shares of the industrial products company’s stock worth $8,335,000 after acquiring an additional 38,054 shares in the last quarter. 86.02% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on BOOM shares. Zacks Investment Research raised shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine raised shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st.
TRADEMARK VIOLATION WARNING: This news story was originally posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/10/24/ameriprise-financial-inc-boosts-position-in-dynamic-materials-corp-boom.html.
In other news, insider Ian Grieves sold 4,743 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $13.92, for a total value of $66,022.56. Following the sale, the insider now directly 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 can be accessed through this link. 5.10% of the stock is currently owned by company insiders.
Dynamic Materials Corp. (BOOM) opened at 17.95 on Tuesday. Dynamic Materials Corp. has a one year low of $9.80 and a one year high of $18.45. The firm has a 50-day moving average of $16.15 and a 200 day moving average of $14.08. The stock’s market capitalization is $265.12 million.
Dynamic Materials Corp. (NASDAQ:BOOM) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Dynamic Materials Corp. had a negative net margin of 5.01% and a negative return on equity of 6.38%. The business had revenue of $47.20 million for the quarter, compared to analysts’ expectations of $44.20 million. During the same period last year, the business earned ($0.05) EPS. The company’s revenue was up 14.3% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Thursday, September 28th. Dynamic Materials Corp.’s dividend payout ratio is currently -14.04%.
Dynamic Materials Corp. 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.
Receive News & Ratings for Dynamic Materials Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynamic Materials Corp. and related companies with MarketBeat.com's FREE daily email newsletter.