Black Diamond Group (TSE:BDI) Insider Sells 20,000 Shares of Stock

Black Diamond Group Limited (TSE:BDI) insider Michael Lenard Ridley sold 20,000 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$18.88, for a total transaction of C$377,600.00. Following the transaction, the insider owned 402,253 shares in the company, valued at C$7,594,536.64. The trade was a 4.74% decrease in their ownership of the stock.

Michael Lenard Ridley also recently made the following trade(s):

• On Thursday, May 21st, Michael Lenard Ridley sold 10,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$17.50, for a total transaction of C$175,000.00.

Black Diamond Group Trading Up 0.8%

Shares of BDI traded up C$0.14 during mid-day trading on Friday, reaching C$18.73. The company’s stock had a trading volume of 86,022 shares, compared to its average volume of 160,900. Black Diamond Group Limited has a 52 week low of C$9.62 and a 52 week high of C$20.14. The stock has a market cap of C$1.27 billion, a PE ratio of 38.22 and a beta of 1.00. The company’s fifty day moving average price is C$18.07 and its two-hundred day moving average price is C$16.72. 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 (TSE:BDI) last issued its earnings results on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$129.98 million for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. On average, analysts predict that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their target price 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 MarketBeat, the stock presently has an average rating of “Buy” and an average price target 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.