Black Diamond Group (TSE:BDI) Insider Edward John Redmond Sells 103,300 Shares of Stock

Black Diamond Group Limited (TSE:BDI) insider Edward John Redmond sold 103,300 shares of Black Diamond Group stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of C$18.87, for a total transaction of C$1,949,271.00. Following the sale, the insider owned 320,420 shares of the company’s stock, valued at approximately C$6,046,325.40. The trade was a 24.38% decrease in their ownership of the stock.

Edward John Redmond also recently made the following trade(s):

• On Wednesday, May 27th, Edward John Redmond sold 138,000 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.54, for a total transaction of C$2,696,520.00.

Black Diamond Group Stock Performance

Shares of TSE BDI opened at C$19.86 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 93.57. Black Diamond Group Limited has a 12 month low of C$9.20 and a 12 month high of C$20.14. The company has a 50 day simple moving average of C$16.94 and a two-hundred day simple moving average of C$16.01. The stock has a market cap of C$1.36 billion, a price-to-earnings ratio of 40.53 and a beta of 1.12.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. The business had revenue of C$129.98 million during the quarter. As a group, analysts predict that Black Diamond Group Limited will post 0.5349233 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price objective on Black Diamond Group from C$17.00 to C$20.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Black Diamond Group presently has a consensus rating of “Buy” and a consensus target price of C$19.25.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.