Insider Selling: Black Diamond Group Limited (TSE:BDI) Senior Officer Sells 15,000 Shares of Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Tobias Gerald Labrie sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$9.40, for a total transaction of C$141,000.00.

Black Diamond Group Price Performance

Black Diamond Group Limited has a twelve month low of C$7.40 and a twelve month high of C$10.27. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 84.84. The stock has a market capitalization of C$563.15 million, a price-to-earnings ratio of 19.50 and a beta of 1.54. The company has a 50 day simple moving average of C$9.07 and a two-hundred day simple moving average of C$8.97.

Black Diamond Group Increases Dividend

The firm also recently announced 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. This is a boost from Black Diamond Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.14 annualized dividend and a yield of ∞. Black Diamond Group’s payout ratio is presently 25.00%.

Analysts Set New Price Targets

Separately, Raymond James increased their price objective on Black Diamond Group from C$12.00 to C$14.00 and gave the company a “strong-buy” rating in a research note on Monday, August 26th.

Black Diamond Group Company Profile

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.