Black Diamond Group (TSE:BDI) Insider Sells C$2,696,520.00 in Stock

Black Diamond Group Limited (TSE:BDI) insider Edward John Redmond sold 138,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$19.54, for a total transaction of C$2,696,520.00. Following the completion of the sale, the insider owned 182,420 shares in the company, valued at approximately C$3,564,486.80. This trade represents a 43.07% decrease in their ownership of the stock.

Edward John Redmond also recently made the following trade(s):

• On Tuesday, May 26th, Edward John Redmond sold 103,300 shares of Black Diamond Group stock. The shares were sold at an average price of C$18.87, for a total transaction of C$1,949,271.00.

Black Diamond Group Trading Up 0.8%

TSE BDI traded up C$0.15 during trading on Thursday, hitting C$19.86. The stock had a trading volume of 232,928 shares, compared to its average volume of 161,731. The company has a market capitalization of C$1.36 billion, a PE ratio of 40.53 and a beta of 1.12. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57. The firm has a 50 day moving average price of C$16.94 and a 200 day moving average price of C$16.01. Black Diamond Group Limited has a twelve month low of C$9.20 and a twelve month high of C$20.14.

Black Diamond Group (TSE:BDI) last posted its earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share for the quarter. Black Diamond Group had a return on equity of 8.46% and a net margin of 6.54%.The firm had revenue of C$129.98 million during the quarter. As a group, equities research analysts forecast that Black Diamond Group Limited will post 0.5349233 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their price target on Black Diamond Group from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Black Diamond Group has an average rating of “Buy” and a consensus price target of C$19.25.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.