Insider Buying: Computer Modelling Group Ltd. (TSE:CMG) Director Acquires C$23,758.02 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern bought 3,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were acquired at an average price of C$7.92 per share, for a total transaction of C$23,758.02.

Alexander Davern also recently made the following trade(s):

• On Wednesday, March 19th, Alexander Davern purchased 3,000 shares of Computer Modelling Group stock. The shares were acquired at an average cost of C$7.68 per share, with a total value of C$23,047.17.

Computer Modelling Group Stock Down 0.5 %

TSE:CMG opened at C$7.90 on Monday. The stock has a market cap of C$637.41 million, a price-to-earnings ratio of 26.05, a PEG ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The stock has a 50-day moving average price of C$9.09 and a two-hundred day moving average price of C$10.50. Computer Modelling Group Ltd. has a 1 year low of C$7.04 and a 1 year high of C$14.73.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.53%. Computer Modelling Group’s payout ratio is 65.95%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Ventum Financial reduced their price objective on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Cibc World Mkts lowered Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. BMO Capital Markets dropped their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Raymond James cut their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, CIBC decreased their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$13.13.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.