Michael Lenard Ridley Sells 8,000 Shares of Black Diamond Group Limited (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 8,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$10.15, for a total transaction of C$81,200.00.

Black Diamond Group Trading Down 1.6 %

Shares of Black Diamond Group stock traded down C$0.16 during trading on Tuesday, hitting C$9.80. The company’s stock had a trading volume of 38,944 shares, compared to its average volume of 57,853. The stock has a market cap of C$587.12 million, a price-to-earnings ratio of 21.02 and a beta of 1.56. Black Diamond Group Limited has a 52 week low of C$5.94 and a 52 week high of C$10.20. The stock has a 50-day moving average price of C$9.41 and a two-hundred day moving average price of C$8.73. The company has a debt-to-equity ratio of 84.84, a current ratio of 1.18 and a quick ratio of 1.05.

Black Diamond Group (TSE:BDI) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.12 EPS for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.01. Black Diamond Group had a return on equity of 10.86% and a net margin of 7.78%. The firm had revenue of C$95.50 million for the quarter, compared to analyst estimates of C$93.70 million. Equities research analysts anticipate that Black Diamond Group Limited will post 0.5351382 EPS for the current fiscal year.

Black Diamond Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Monday, September 30th. Black Diamond Group’s dividend payout ratio is presently 25.00%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BDI shares. BMO Capital Markets boosted their price objective on Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday, August 2nd. Raymond James boosted their price target on Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a report on Monday, August 26th.

About Black Diamond Group

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.