Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Director Sells 20,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 20,000 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of C$10.60, for a total value of C$212,000.00.

Kenneth Michael Dedeluk also recently made the following trade(s):

• On Thursday, April 18th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.50, for a total value of C$105,000.00.
• On Tuesday, April 16th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.25, for a total value of C$102,500.00.
• On Tuesday, April 2nd, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.40, for a total value of C$104,000.00.
• On Friday, March 22nd, Kenneth Michael Dedeluk sold 20,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.50, for a total value of C$210,000.00.
• On Tuesday, March 19th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.25, for a total value of C$102,500.00.
• On Friday, March 15th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.00, for a total value of C$100,000.00.
• On Wednesday, January 31st, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.25, for a total value of C$102,500.00.

Computer Modelling Group Stock Performance

TSE:CMG opened at C$10.60 on Friday. The stock has a market cap of C$861.04 million, a P/E ratio of 36.55, a PEG ratio of 1.97 and a beta of 1.15. The stock has a 50 day simple moving average of C$10.11 and a 200 day simple moving average of C$9.89. The company has a current ratio of 1.76, a quick ratio of 2.25 and a debt-to-equity ratio of 59.81. Computer Modelling Group Ltd. has a 1-year low of C$6.21 and a 1-year high of C$10.76.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings data on Wednesday, February 7th. The company reported C$0.08 earnings per share for the quarter, meeting the consensus estimate of C$0.08. The firm had revenue of C$33.01 million during the quarter, compared to analysts’ expectations of C$31.65 million. Computer Modelling Group had a return on equity of 42.70% and a net margin of 25.10%. Research analysts anticipate that Computer Modelling Group Ltd. will post 0.3501041 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were paid a $0.05 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 1.89%. Computer Modelling Group’s payout ratio is 68.97%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CMG shares. National Bankshares set a C$12.50 price objective on Computer Modelling Group and gave the company an “outperform” rating in a research report on Thursday, January 25th. Canaccord Genuity Group raised their price objective on Computer Modelling Group from C$10.50 to C$11.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Barclays raised their price objective on Computer Modelling Group from C$8.00 to C$9.00 and gave the company an “underweight” rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$10.83.

About Computer Modelling Group

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.