Black Diamond Group (TSE:BDI) Releases Earnings Results

Black Diamond Group (TSE:BDI) announced its quarterly earnings results on Thursday. The company reported C$0.19 earnings per share for the quarter, FiscalAI reports. Black Diamond Group had a net margin of 4.60% and a return on equity of 5.89%. The business had revenue of C$159.88 million for the quarter.

Black Diamond Group Price Performance

Shares of BDI stock opened at C$21.11 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.57 and a debt-to-equity ratio of 100.26. Black Diamond Group has a 12-month low of C$13.47 and a 12-month high of C$23.14. The firm has a fifty day moving average of C$18.74 and a 200-day moving average of C$17.85. The firm has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 60.31 and a beta of 1.13.

Insider Buying and Selling

In other news, insider Kernwood Limited sold 259,700 shares of Black Diamond Group stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of C$20.76, for a total transaction of C$5,391,372.00. Following the transaction, the insider owned 6,242,200 shares in the company, valued at C$129,588,072. The trade was a 3.99% decrease in their position. Also, Director Elizabeth Kernaghan sold 259,700 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of C$20.76, for a total value of C$5,391,372.00. Following the completion of the transaction, the director owned 6,242,200 shares of the company’s stock, valued at C$129,588,072. This represents a 3.99% decrease in their ownership of the stock. In the last quarter, insiders have sold 549,400 shares of company stock valued at $11,392,910. 23.83% of the stock is owned by company insiders.

About Black Diamond Group

Black Diamond is an industrial services and asset management company with two operating business units – Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond operates in Canada, the United States and Australia. MSS, through its principal brands – BOXX Modular, CLM and Schiavi – owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors.