Insider Selling: Black Diamond Group (TSE:BDI) Director Sells C$2,365,975.00 in Stock

Black Diamond Group Limited (TSE:BDI) Director Elizabeth Kernaghan sold 146,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of C$16.15, for a total transaction of C$2,365,975.00. Following the transaction, the director owned 605,900 shares of the company’s stock, valued at approximately C$9,785,285. This represents a 19.47% decrease in their ownership of the stock.

Elizabeth Kernaghan also recently made the following trade(s):

• On Tuesday, March 17th, Elizabeth Kernaghan sold 200 shares of Black Diamond Group stock. The shares were sold at an average price of C$16.11, for a total value of C$3,222.00.
• On Tuesday, March 17th, Elizabeth Kernaghan sold 3,700 shares of Black Diamond Group stock. The shares were sold at an average price of C$16.10, for a total value of C$59,570.00.

Black Diamond Group Price Performance

Black Diamond Group stock opened at C$15.84 on Monday. The company has a debt-to-equity ratio of 101.87, a quick ratio of 1.05 and a current ratio of 1.42. Black Diamond Group Limited has a 52 week low of C$7.60 and a 52 week high of C$18.75. The stock has a market capitalization of C$1.07 billion, a P/E ratio of 29.33 and a beta of 1.13. The stock has a fifty day moving average of C$16.49 and a 200-day moving average of C$15.08.

Analysts Set New Price Targets

A number of research analysts have recently commented on BDI shares. Raymond James Financial cut shares of Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and increased their target price for the stock from C$18.00 to C$20.00 in a report on Tuesday, January 20th. Canaccord Genuity Group lifted their price target on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, BMO Capital Markets lifted their price target on shares of Black Diamond Group from C$18.00 to C$20.00 in a report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$19.25.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.