Elizabeth Kernaghan Sells 192,000 Shares of Black Diamond Group (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Director Elizabeth Kernaghan sold 192,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of C$19.18, for a total value of C$3,682,560.00. Following the transaction, the director directly owned 6,896,300 shares of the company’s stock, valued at approximately C$132,271,034. This represents a 2.71% decrease in their ownership of the stock.

Elizabeth Kernaghan also recently made the following trade(s):

• On Tuesday, July 7th, Elizabeth Kernaghan sold 200 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.02, for a total transaction of C$3,804.00.
• On Tuesday, July 7th, Elizabeth Kernaghan sold 7,700 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.01, for a total transaction of C$146,377.00.
• On Tuesday, July 7th, Elizabeth Kernaghan sold 400 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.00, for a total transaction of C$7,600.00.
• On Thursday, July 9th, Elizabeth Kernaghan sold 56,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.09, for a total transaction of C$1,069,040.00.
• On Friday, July 10th, Elizabeth Kernaghan sold 255,500 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.05, for a total transaction of C$4,867,275.00.

Black Diamond Group Stock Performance

Shares of TSE:BDI opened at C$18.98 on Monday. Black Diamond Group Limited has a 52 week low of C$10.41 and a 52 week high of C$20.14. The company’s 50 day moving average is C$18.41 and its two-hundred day moving average is C$17.07. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 93.57. The company has a market cap of C$1.30 billion, a PE ratio of 38.73 and a beta of 1.08.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.04 earnings per share for the quarter. The business 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%. Equities analysts predict that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.

Key Stories Impacting Black Diamond Group

Here are the key news stories impacting Black Diamond Group this week:

• Negative Sentiment: Multiple insider share sales by Elizabeth Kernaghan and Kernwood Limited may weigh on sentiment, since investors often view heavy selling by a director as a possible signal that shares are fully valued or that near-term upside may be limited. Insider Selling: Black Diamond Group (TSE:BDI) Director Sells C$1,069,040.00 in Stock
• Neutral Sentiment: The sales were spread across several transactions from July 7 to July 10 and appear relatively small compared with the insider’s remaining holdings, so the move is more of a sentiment headwind than a major ownership shift. Black Diamond Group (TSE:BDI) Director Elizabeth Kernaghan Sells 255,500 Shares of Stock

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.