Computer Modelling Group (TSE:CMG) Director Alexander Davern Purchases 40,000 Shares

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 40,000 shares of Computer Modelling Group stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of C$3.88 per share, with a total value of C$155,200.00. Following the transaction, the director owned 175,000 shares in the company, valued at approximately C$679,000. This represents a 29.63% increase in their position.

Alexander Davern also recently made the following trade(s):

• On Friday, June 12th, Alexander Davern bought 10,000 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.69 per share, with a total value of C$36,900.00.
• On Friday, June 12th, Alexander Davern bought 20,000 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.76 per share, with a total value of C$75,200.00.
• On Friday, June 12th, Alexander Davern bought 500 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.78 per share, with a total value of C$1,890.00.
• On Friday, June 12th, Alexander Davern bought 19,500 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.81 per share, with a total value of C$74,295.00.

Computer Modelling Group Price Performance

Shares of TSE CMG remained flat at C$3.90 during mid-day trading on Tuesday. The stock had a trading volume of 80,437 shares, compared to its average volume of 205,543. Computer Modelling Group Ltd. has a twelve month low of C$3.55 and a twelve month high of C$8.23. The firm has a market cap of C$304.18 million, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.97 and a beta of -0.82. The company has a quick ratio of 2.25, a current ratio of 1.00 and a debt-to-equity ratio of 55.24. The business’s 50-day moving average is C$3.95 and its 200 day moving average is C$4.39.

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

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, June 5th. Computer Modelling Group’s dividend payout ratio is currently 38.10%.

Analyst Ratings Changes

CMG has been the subject of several analyst reports. Ventum Financial upped their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a report on Thursday, March 26th. National Bank Financial reduced their target price on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Finally, Raymond James Financial reduced 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 report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.