Insider Buying: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Buys C$14,486.40 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Hermanus Jacobus Nieuwoudt acquired 2,000 shares of Computer Modelling Group stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of C$7.24 per share, with a total value of C$14,486.40.

Computer Modelling Group Stock Up 0.1 %

Shares of CMG opened at C$7.41 on Friday. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. Computer Modelling Group Ltd. has a 12 month low of C$7.04 and a 12 month high of C$14.73. The stock’s 50 day moving average is C$9.47 and its two-hundred day moving average is C$10.74. The firm has a market cap of C$597.87 million, a P/E ratio of 24.43, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group’s dividend payout ratio is presently 65.95%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Ventum Financial reduced their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Raymond James reduced their price target on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Cibc World Mkts cut Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, CIBC reduced their price target on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$13.13.

About Computer Modelling Group

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.