Computer Modelling Group (TSE:CMG) Insider Vipin Khullar Acquires 3,623 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) insider Vipin Khullar acquired 3,623 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of C$3.47 per share, with a total value of C$12,571.81. Following the acquisition, the insider directly owned 9,326 shares of the company’s stock, valued at C$32,361.22. The trade was a 63.53% increase in their position.

Computer Modelling Group Stock Performance

TSE:CMG opened at C$3.70 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 2.25 and a debt-to-equity ratio of 55.24. Computer Modelling Group Ltd. has a 1-year low of C$3.40 and a 1-year high of C$8.23. The firm has a market capitalization of C$288.58 million, a price-to-earnings ratio of 17.62, a PEG ratio of 1.97 and a beta of -0.80. The business’s 50-day moving average price is C$3.80 and its two-hundred day moving average price is C$4.24.

Computer Modelling Group (TSE:CMG) last posted its earnings results on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$33.67 million during the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%. On average, equities analysts expect that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, June 5th. This represents a $0.04 dividend on an annualized basis and a yield of 1.1%. Computer Modelling Group’s payout ratio is currently 38.10%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. National Bank Financial lowered their price objective on shares of Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Raymond James Financial decreased their target price on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research note on Friday, May 22nd. Finally, Ventum Financial increased their price target on Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a report on Thursday, March 26th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$5.75.

About Computer Modelling Group

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.