Insider Buying: Dye & Durham Limited (TSE:DND) Director Buys C$213,433.29 in Stock

Dye & Durham Limited (TSE:DND) Director Eric Shahinian bought 12,300 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was bought at an average cost of C$17.35 per share, with a total value of C$213,433.29.

Dye & Durham Stock Performance

TSE DND opened at C$17.86 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18. Dye & Durham Limited has a fifty-two week low of C$10.92 and a fifty-two week high of C$22.59. The business has a fifty day moving average of C$18.89 and a 200-day moving average of C$15.54. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of -6.10 and a beta of 2.09.

Dye & Durham (TSE:DND) last announced its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. The firm had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. As a group, analysts predict that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

Dye & Durham Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, November 14th. Dye & Durham’s payout ratio is -2.73%.

Analyst Ratings Changes

A number of research firms recently weighed in on DND. Canaccord Genuity Group upped their price target on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Canaccord Genuity Group lowered their target price on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a report on Wednesday, December 18th. CIBC lifted their price target on Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets increased their price objective on shares of Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dye & Durham currently has an average rating of “Buy” and an average target price of C$24.71.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.