Insider Selling: Black Diamond Group Limited (TSE:BDI) Senior Officer Sells 9,320 Shares of Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 9,320 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$9.39, for a total transaction 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 shares were sold at an average price of C$9.37, for a total transaction of C$87,412.73.

Black Diamond Group Stock Performance

BDI opened at C$9.40 on Thursday. The firm has a fifty day moving average price of C$9.07 and a 200 day moving average price of C$9.00. Black Diamond Group Limited has a 1 year low of C$7.40 and a 1 year high of C$10.27. The stock has a market cap of C$563.15 million, a P/E ratio of 19.58 and a beta of 1.54. The company has a debt-to-equity ratio of 84.84, a current ratio of 1.18 and a quick ratio of 1.05.

Black Diamond Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.035 per share. This is a positive change from Black Diamond Group’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, December 31st. Black Diamond Group’s dividend payout ratio is presently 25.00%.

Analyst Ratings Changes

Separately, Raymond James lifted their price objective 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.