Edward Hume Kernaghan Sells 12,300 Shares of Black Diamond Group (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Director Edward Hume Kernaghan sold 12,300 shares of Black Diamond Group stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of C$19.33, for a total transaction of C$237,759.00. Following the completion of the sale, the director directly owned 5,100 shares in the company, valued at approximately C$98,583. The trade was a 70.69% decrease in their position.

Edward Hume Kernaghan also recently made the following trade(s):

• On Tuesday, June 2nd, Edward Hume Kernaghan sold 7,700 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.35, for a total transaction of C$148,995.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 3,100 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.30, for a total transaction of C$59,830.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 1,000 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.50, for a total transaction of C$19,500.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 600 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.51, for a total transaction of C$11,706.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 6,300 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.42, for a total transaction of C$122,346.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 300 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.44, for a total transaction of C$5,832.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 700 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.48, for a total transaction of C$13,636.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 200 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.49, for a total transaction of C$3,898.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 100 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.50, for a total transaction of C$1,950.00.

Black Diamond Group Price Performance

BDI stock traded down C$0.25 during trading on Friday, reaching C$19.01. 145,133 shares of the company were exchanged, compared to its average volume of 164,384. The company has a market cap of C$1.30 billion, a P/E ratio of 38.80 and a beta of 1.12. Black Diamond Group Limited has a 52-week low of C$9.20 and a 52-week high of C$20.14. The stock’s 50 day moving average price is C$17.32 and its 200 day moving average price is C$16.20. 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 released its quarterly earnings data on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. The firm had revenue of C$129.98 million for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. As a group, analysts predict that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.

Black Diamond Group News Summary

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

• Negative Sentiment: Director Edward Hume Kernaghan sold shares in several separate transactions, cutting his position materially and potentially signaling reduced insider conviction. Black Diamond Group Limited insider sales report
• Neutral Sentiment: The shares were sold near C$19.30-C$19.51, suggesting the insider was transacting around current market levels rather than at a steep discount. Black Diamond Group Limited insider sales report
• Neutral Sentiment: Black Diamond Group has recently been trading near its 52-week high, so today’s weakness may also reflect profit-taking after a strong run. Black Diamond Group Limited stock performance

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price objective on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Black Diamond Group presently has an average 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.