Plantro Ltd. Sells 1,778,900 Shares of Dye & Durham Limited (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. sold 1,778,900 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of C$15.16, for a total value of C$26,967,768.22.

Plantro Ltd. also recently made the following trade(s):

• On Thursday, December 19th, Plantro Ltd. sold 1,000,000 shares of Dye & Durham stock. The shares were sold at an average price of C$19.15, for a total value of C$19,150,000.00.

Dye & Durham Stock Performance

TSE:DND opened at C$15.52 on Thursday. The firm has a market capitalization of C$1.04 billion, a PE ratio of -5.30 and a beta of 2.09. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18. Dye & Durham Limited has a 12-month low of C$10.92 and a 12-month high of C$22.59. The firm has a 50-day moving average price of C$18.20 and a 200 day moving average price of C$15.98.

Dye & Durham (TSE:DND) last issued its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. The company had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. Research analysts anticipate that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

Dye & Durham Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a dividend of $0.019 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.49%. Dye & Durham’s payout ratio is presently -2.73%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DND. BMO Capital Markets upped their target price on shares of Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group reduced their target price on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Canaccord Genuity Group boosted their price target on Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Finally, CIBC raised their price objective on Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$24.71.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.