Edward John Redmond Sells 138,000 Shares of Black Diamond Group (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) insider Edward John Redmond sold 138,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of C$19.54, for a total value of C$2,696,520.00. Following the transaction, the insider directly owned 182,420 shares of the company’s stock, valued at approximately C$3,564,486.80. This represents a 43.07% decrease in their ownership of the stock.

Edward John Redmond also recently made the following trade(s):

• On Tuesday, May 26th, Edward John Redmond sold 103,300 shares of Black Diamond Group stock. The shares were sold at an average price of C$18.87, for a total value of C$1,949,271.00.

Black Diamond Group Price Performance

Shares of TSE BDI opened at C$19.68 on Friday. The stock’s 50-day simple moving average is C$17.02 and its 200-day simple moving average is C$16.03. The firm has a market capitalization of C$1.35 billion, a PE ratio of 40.16 and a beta of 1.12. Black Diamond Group Limited has a fifty-two week low of C$9.20 and a fifty-two week high of C$20.14. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$129.98 million during the quarter. Black Diamond Group had a return on equity of 8.46% and a net margin of 6.54%. As a group, equities research analysts forecast that Black Diamond Group Limited will post 0.5349233 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their target price on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Black Diamond Group currently has a consensus rating of “Buy” and a consensus price target 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.