Insider Selling: Black Diamond Group (TSE:BDI) Insider Sells C$1,949,271.00 in Stock

Black Diamond Group Limited (TSE:BDI) insider Edward John Redmond sold 103,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of C$18.87, for a total value of C$1,949,271.00. Following the sale, the insider owned 320,420 shares in the company, valued at approximately C$6,046,325.40. This trade represents a 24.38% decrease in their ownership of the stock.

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

• On Wednesday, May 27th, Edward John Redmond sold 138,000 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.54, for a total value of C$2,696,520.00.

Black Diamond Group Trading Down 0.9%

Shares of BDI stock opened at C$19.68 on Friday. Black Diamond Group Limited has a 1 year low of C$9.20 and a 1 year high of C$20.14. The company has a debt-to-equity ratio of 93.57, a current ratio of 1.45 and a quick ratio of 1.05. The stock’s 50 day simple moving average is C$17.02 and its two-hundred day simple moving average is C$16.03. The company has a market cap of C$1.35 billion, a PE ratio of 40.16 and a beta of 1.12.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.04 earnings per share (EPS) for the quarter. Black Diamond Group had a return on equity of 8.46% and a net margin of 6.54%.The business had revenue of C$129.98 million for the quarter. Research analysts predict that Black Diamond Group Limited will post 0.5349233 earnings per share for the current year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their price objective on 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$19.25.

About Black Diamond Group

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.