Insider Buying: Computer Modelling Group Ltd. (TSE:CMG) Director Acquires C$16,117.24 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price of C$8.06 per share, with a total value of C$16,117.24.

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

• On Monday, March 24th, Alexander Davern bought 3,000 shares of Computer Modelling Group stock. The shares were acquired at an average cost of C$7.86 per share, for a total transaction of C$23,586.42.
• On Friday, March 21st, Alexander Davern purchased 3,000 shares of Computer Modelling Group stock. The stock was acquired at an average cost of C$7.92 per share, with a total value of C$23,758.02.
• On Wednesday, March 19th, Alexander Davern acquired 3,000 shares of Computer Modelling Group stock. The shares were acquired at an average cost of C$7.68 per share, for a total transaction of C$23,047.17.

Computer Modelling Group Stock Performance

Shares of Computer Modelling Group stock traded down C$0.04 during midday trading on Wednesday, hitting C$8.02. The company had a trading volume of 75,303 shares, compared to its average volume of 216,134. The company has a fifty day simple moving average of C$9.00 and a 200 day simple moving average of C$10.43. The stock has a market cap of C$647.09 million, a price-to-earnings ratio of 26.45, a PEG ratio of 1.97 and a beta of 1.21. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. Computer Modelling Group Ltd. has a 12-month low of C$7.04 and a 12-month high of C$14.73.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 annualized dividend and a dividend yield of 2.49%. Computer Modelling Group’s payout ratio is currently 65.95%.

Analyst Ratings Changes

CMG has been the topic of several recent research reports. Raymond James dropped 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 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 research report on Friday, December 13th. CIBC reduced their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Ventum Financial decreased their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Computer Modelling Group 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.