Insider Selling: Black Diamond Group Limited (TSE:BDI) Senior Officer Sells C$87,479.38 in Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 9,320 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$9.39, for a total transaction of C$87,479.38.

Michael Lenard Ridley also recently made the following trade(s):

• On Wednesday, December 18th, Michael Lenard Ridley sold 15,400 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.40, for a total transaction of C$144,760.00.
• On Friday, December 13th, Michael Lenard Ridley sold 9,329 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.37, for a total value of C$87,412.73.

Black Diamond Group Price Performance

BDI opened at C$9.33 on Friday. The company has a fifty day moving average price of C$9.07 and a two-hundred day moving average price of C$9.00. The firm has a market capitalization of C$558.96 million, a PE ratio of 19.44 and a beta of 1.54. Black Diamond Group Limited has a 52 week low of C$7.40 and a 52 week high of C$10.27. The company has a debt-to-equity ratio of 84.84, a quick ratio of 1.05 and a current ratio of 1.18.

Black Diamond Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Black Diamond Group’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.50%. Black Diamond Group’s payout ratio is 25.00%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BDI shares. Cormark upgraded Black Diamond Group to a “moderate buy” rating in a research report on Wednesday. Raymond James lifted their price objective on Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a research 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.