Independent Director Robert Cohen Just Bought 50% More Shares In DMC Global Inc. (NASDAQ:BOOM)

Investors who take an interest in DMC Global Inc. (NASDAQ:BOOM) should definitely note that the Independent Director, Robert Cohen, recently paid US$18.75 per share to buy US$188k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 50%.

However if you'd rather see where the opportunities and risks are within BOOM's industry, you can check out our analysis on the US Energy Services industry.

The Last 12 Months Of Insider Transactions At DMC Global

The President, Kevin Longe, made the biggest insider sale in the last 12 months. That single transaction was for US$214k worth of shares at a price of US$22.02 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$19.48. So it is hard to draw any strong conclusion from it.

Over the last year we saw more insider selling of DMC Global shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does DMC Global Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that DMC Global insiders own 5.0% of the company, worth about US$19m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At DMC Global Tell Us?

The recent insider purchase is heartening. However, the longer term transactions are not so encouraging. The more recent transactions are a positive, but DMC Global insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. So they seem pretty well aligned, overall. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing DMC Global. Every company has risks, and we've spotted 2 warning signs for DMC Global you should know about.

Of course DMC Global may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.