Michael Lenard Ridley Sells 15,400 Shares of Black Diamond Group Limited (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 15,400 shares of Black Diamond Group stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$9.40, for a total transaction of C$144,760.00.

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

• On Monday, December 16th, Michael Lenard Ridley sold 9,320 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.39, for a total value of C$87,479.38.
• On Friday, December 13th, Michael Lenard Ridley sold 9,329 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.37, for a total value of C$87,412.73.

Black Diamond Group Price Performance

Black Diamond Group stock opened at C$9.39 on Friday. The stock has a market cap of C$562.55 million, a price-to-earnings ratio of 19.56 and a beta of 1.54. Black Diamond Group Limited has a 12-month low of C$7.40 and a 12-month high of C$10.27. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 84.84. The business’s 50-day simple moving average is C$9.07 and its 200 day simple moving average is C$9.01.

Black Diamond Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.035 per share. This is a boost from Black Diamond Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.14 annualized dividend and a dividend yield of 1.49%. Black Diamond Group’s payout ratio is currently 25.00%.

Analysts Set New Price Targets

A number of equities research analysts have commented on BDI shares. Raymond James increased their price objective on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a report on Monday, August 26th. Cormark raised shares of Black Diamond Group to a “moderate buy” rating in a research note on Wednesday.

Black Diamond Group Company Profile

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.