Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Director Sells 10,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 20th. The stock was sold at an average price of C$10.50, for a total transaction of C$105,000.00.

Kenneth Michael Dedeluk also recently made the following trade(s):

• On Thursday, January 16th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.35, for a total transaction of C$51,750.00.
• On Monday, December 2nd, Kenneth Michael Dedeluk sold 700 shares of Computer Modelling Group stock. The shares were sold at an average price of C$11.55, for a total value of C$8,085.00.

Computer Modelling Group Stock Down 1.7 %

CMG stock opened at C$10.31 on Wednesday. The stock has a market capitalization of C$843.87 million, a PE ratio of 36.82, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a 52 week low of C$8.43 and a 52 week high of C$14.73. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. The firm has a 50 day moving average of C$10.55 and a 200 day moving average of C$11.90.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a net margin of 19.69% and a return on equity of 36.56%. Sell-side analysts forecast that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s payout ratio is 71.43%.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. CIBC cut their price objective on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Computer Modelling Group has an average rating of “Moderate Buy” and a consensus price target of C$13.39.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.