Michael Lenard Ridley Sells 15,400 Shares of Black Diamond Group Limited (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 15,400 shares of Black Diamond Group stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$9.40, for a total transaction of C$144,760.00.

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

• On Monday, December 16th, Michael Lenard Ridley sold 9,320 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.39, for a total transaction of C$87,479.38.
• 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 Trading Up 0.6 %

Shares of TSE:BDI opened at C$9.39 on Friday. The firm has a market cap of C$562.55 million, a price-to-earnings ratio of 19.56 and a beta of 1.54. Black Diamond Group Limited has a 12 month low of C$7.40 and a 12 month high of C$10.27. The company’s fifty day simple moving average is C$9.07 and its 200 day simple moving average is C$9.01. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 84.84.

Black Diamond Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.035 dividend. 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 dividend yield of 1.49%. Black Diamond Group’s dividend payout ratio (DPR) is currently 25.00%.

Wall Street Analyst Weigh In

BDI has been the topic of several recent analyst reports. Cormark upgraded Black Diamond Group to a “moderate buy” rating in a report on Wednesday. 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 report 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.