Michael Lenard Ridley Sells 20,000 Shares of Black Diamond Group (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) insider Michael Lenard Ridley sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of C$18.88, for a total value of C$377,600.00. Following the sale, the insider owned 402,253 shares of the company’s stock, valued at approximately C$7,594,536.64. This represents a 4.74% decrease in their position.

Michael Lenard Ridley also recently made the following trade(s):

• On Thursday, May 21st, Michael Lenard Ridley sold 10,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$17.50, for a total value of C$175,000.00.

Black Diamond Group Price Performance

Shares of TSE BDI opened at C$18.70 on Friday. The firm has a market cap of C$1.27 billion, a P/E ratio of 38.16 and a beta of 1.00. The business’s 50 day moving average is C$18.10 and its 200-day moving average is C$16.74. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 93.57. Black Diamond Group Limited has a 1-year low of C$9.62 and a 1-year high of C$20.14.

Black Diamond Group (TSE:BDI) last released its quarterly earnings results 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 during the quarter. Equities research analysts predict that Black Diamond Group Limited will post 0.5349233 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped 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 research note on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average 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.