Michael Lenard Ridley Sells 9,000 Shares of Black Diamond Group Limited (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 9,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of C$9.42, for a total transaction of C$84,780.00.

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 Monday, December 16th, Michael Lenard Ridley sold 9,320 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.39, for a total value of C$87,479.38.
• On Friday, December 13th, Michael Lenard Ridley sold 9,329 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.37, for a total value of C$87,412.73.

Black Diamond Group Stock Down 0.1 %

Shares of TSE BDI traded down C$0.01 during mid-day trading on Tuesday, reaching C$9.41. 8,951 shares of the company’s stock were exchanged, compared to its average volume of 58,344. 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 current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. The firm has a market capitalization of C$563.75 million, a price-to-earnings ratio of 19.60 and a beta of 1.54. The business has a fifty day simple moving average of C$9.07 and a 200 day simple moving average of C$9.03.

Black Diamond Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.035 dividend. This is an increase 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 dividend yield of 1.49%. Black Diamond Group’s dividend payout ratio (DPR) is currently 25.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Cormark raised Black Diamond Group to a “moderate buy” rating in a research note on Wednesday, December 18th. Raymond James increased their target price on shares of 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.

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.