Insider Selling: Black Diamond Group (TSE:BDI) Director Sells 1,500 Shares of Stock

Black Diamond Group Limited (TSE:BDI) Director Robert Wagemakers sold 1,500 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of C$19.09, for a total value of C$28,635.00. Following the completion of the sale, the director directly owned 10,000 shares of the company’s stock, valued at approximately C$190,900. The trade was a 13.04% decrease in their position.

Black Diamond Group Trading Up 2.3%

Shares of BDI stock traded up C$0.43 on Tuesday, hitting C$19.11. The company had a trading volume of 406,980 shares, compared to its average volume of 158,019. The stock’s 50-day moving average is C$16.79 and its two-hundred day moving average is C$15.93. Black Diamond Group Limited has a twelve month low of C$9.20 and a twelve month high of C$19.24. The firm has a market cap of C$1.31 billion, a P/E ratio of 39.00 and a beta of 1.12. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45.

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their target price 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.