Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley Sells 15,400 Shares

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 15,400 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$9.40, for a total transaction of C$144,760.00.

Michael Lenard Ridley also recently made the following trade(s):

• On Monday, December 16th, Michael Lenard Ridley sold 9,320 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.39, for a total value of C$87,479.38.
• On Friday, December 13th, Michael Lenard Ridley sold 9,329 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.37, for a total value of C$87,412.73.

Black Diamond Group Trading Down 0.7 %

TSE BDI opened at C$9.33 on Friday. The stock has a 50-day moving average of C$9.07 and a 200-day moving average of C$9.00. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. Black Diamond Group Limited has a 1-year low of C$7.40 and a 1-year high of C$10.27. The firm has a market cap of C$558.96 million, a PE ratio of 19.44 and a beta of 1.54.

Black Diamond Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Black Diamond Group’s previous quarterly dividend of $0.03. Black Diamond Group’s dividend payout ratio is 25.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BDI shares. Raymond James boosted their target price on Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 26th. Cormark upgraded shares of Black Diamond Group to a “moderate buy” rating in a report on Wednesday.

Black Diamond Group Company Profile

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.