Michael Lenard Ridley Sells 9,320 Shares of Black Diamond Group Limited (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 9,320 shares of Black Diamond Group stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$9.39, for a total value of C$87,479.38.

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

• On Friday, December 13th, Michael Lenard Ridley sold 9,329 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.37, for a total value of C$87,412.73.

Black Diamond Group Trading Down 0.5 %

BDI stock traded down C$0.05 during midday trading on Tuesday, hitting C$9.35. 26,271 shares of the company’s stock were exchanged, compared to its average volume of 59,117. Black Diamond Group Limited has a one year low of C$7.40 and a one year high of C$10.27. The company has a debt-to-equity ratio of 84.84, a quick ratio of 1.05 and a current ratio of 1.18. The stock’s fifty day moving average price is C$9.07 and its 200-day moving average price is C$8.98. The company has a market cap of C$560.16 million, a PE ratio of 19.48 and a beta of 1.54.

Black Diamond Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.035 per share. This is an increase from Black Diamond Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.14 annualized dividend and a yield of 1.50%. Black Diamond Group’s dividend payout ratio (DPR) is currently 25.00%.

Wall Street Analysts Forecast Growth

Separately, Raymond James increased their target price on Black Diamond Group from C$12.00 to C$14.00 and gave the company a “strong-buy” rating in a research note on Monday, August 26th.

Black Diamond Group Company Profile

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.