Insider Selling: Black Diamond Group (TSE:BDI) Insider Sells C$377,600.00 in Stock

Black Diamond Group Limited (TSE:BDI) insider Michael Lenard Ridley sold 20,000 shares of the company’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 transaction of C$377,600.00. Following the completion of the transaction, the insider owned 402,253 shares in the company, valued at approximately C$7,594,536.64. This represents a 4.74% decrease in their ownership of the stock.

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 transaction of C$175,000.00.

Black Diamond Group Price Performance

Black Diamond Group stock opened at C$18.70 on Monday. The company has a market capitalization of C$1.27 billion, a PE ratio of 38.16 and a beta of 1.00. 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 Limited has a fifty-two week low of C$9.62 and a fifty-two week high of C$20.14. The firm has a 50 day moving average price of C$18.10 and a 200 day moving average price of C$16.75.

Black Diamond Group (TSE:BDI) last released its quarterly earnings results on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. The business 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%. Research analysts expect 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 raised their price objective 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Black Diamond Group presently has a consensus rating of “Buy” and a consensus price target 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.