Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Director Sells C$47,668.50 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 5,885 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$8.10, for a total value of C$47,668.50.

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

• On Thursday, February 27th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$8.25, for a total value of C$41,250.00.
• On Thursday, February 20th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$8.50, for a total value of C$42,500.00.
• On Tuesday, February 18th, Kenneth Michael Dedeluk sold 4,095 shares of Computer Modelling Group stock. The stock was sold at an average price of C$8.75, for a total transaction of C$35,831.25.
• On Monday, January 20th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.50, for a total transaction of C$105,000.00.
• 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.

Computer Modelling Group Trading Down 2.0 %

Shares of TSE CMG opened at C$7.92 on Thursday. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. Computer Modelling Group Ltd. has a 12 month low of C$7.82 and a 12 month high of C$14.73. The company has a market cap of C$639.02 million, a price-to-earnings ratio of 26.12, a P/E/G ratio of 1.97 and a beta of 1.21. The business has a fifty day simple moving average of C$9.83 and a 200-day simple moving average of C$10.97.

Computer Modelling Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group’s dividend payout ratio is presently 65.95%.

Analysts Set New Price Targets

CMG has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Raymond James lowered their price target on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Ventum Financial cut their price objective on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. CIBC lowered their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$13.13.

About Computer Modelling Group

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.