Black Diamond Group (TSE:BDI) Insider Kernwood Limited Sells 192,000 Shares

Black Diamond Group Limited (TSE:BDI) insider Kernwood Limited sold 192,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of C$19.18, for a total value of C$3,682,560.00. Following the sale, the insider owned 6,896,300 shares in the company, valued at approximately C$132,271,034. This represents a 2.71% decrease in their ownership of the stock.

Kernwood Limited also recently made the following trade(s):

• On Tuesday, July 7th, Kernwood Limited sold 200 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.02, for a total transaction of C$3,804.00.
• On Tuesday, July 7th, Kernwood Limited sold 7,700 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.01, for a total value of C$146,377.00.
• On Tuesday, July 7th, Kernwood Limited sold 400 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.00, for a total value of C$7,600.00.
• On Thursday, July 9th, Kernwood Limited sold 56,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.09, for a total transaction of C$1,069,040.00.
• On Friday, July 10th, Kernwood Limited sold 255,500 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.05, for a total transaction of C$4,867,275.00.

Black Diamond Group Price Performance

Shares of TSE:BDI traded up C$0.01 during trading on Friday, reaching C$18.98. The stock had a trading volume of 456,279 shares, compared to its average volume of 164,621. The stock has a market capitalization of C$1.30 billion, a PE ratio of 38.73 and a beta of 1.08. The company has a debt-to-equity ratio of 93.57, a current ratio of 1.45 and a quick ratio of 1.05. Black Diamond Group Limited has a 52 week low of C$10.41 and a 52 week high of C$20.14. The business’s 50-day moving average price is C$18.41 and its 200 day moving average price is C$17.06.

Black Diamond Group (TSE:BDI) last released its quarterly earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share 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 analysts predict that Black Diamond Group Limited will post 0.5349233 earnings per share for the current year.

Key Headlines Impacting Black Diamond Group

Here are the key news stories impacting Black Diamond Group this week:

• Negative Sentiment: Director Elizabeth Kernaghan and related insider Kernwood Limited sold multiple blocks of shares between July 7 and July 10, including large transactions of 192,000 and 255,500 shares at prices around C$19.00–C$19.18. Heavy insider selling can sometimes weigh on investor sentiment because it may be viewed as a sign that leadership thinks the stock is near fair value. Article Title
• Neutral Sentiment: The reported trades were relatively small on a percentage basis for the insider’s overall holdings, and the filings show no change in the insider’s broader control of the company. That makes the sales more notable as a sentiment signal than as a meaningful ownership shift. Article Title

About Black Diamond Group

Black Diamond is an industrial services and asset management company with two operating business units – Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond operates in Canada, the United States and Australia. MSS, through its principal brands – BOXX Modular, CLM and Schiavi – owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors.