Alexander Davern Purchases 20,000 Shares of Computer Modelling Group (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 20,000 shares of Computer Modelling Group stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of C$3.76 per share, with a total value of C$75,200.00. Following the transaction, the director owned 115,000 shares in the company, valued at C$432,400. This represents a 21.05% increase in their ownership of the stock.

Alexander Davern also recently made the following trade(s):

• On Friday, June 12th, Alexander Davern acquired 10,000 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.69 per share, with a total value of C$36,900.00.
• On Friday, June 12th, Alexander Davern acquired 500 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.78 per share, with a total value of C$1,890.00.
• On Friday, June 12th, Alexander Davern acquired 19,500 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.81 per share, with a total value of C$74,295.00.
• On Monday, June 15th, Alexander Davern acquired 40,000 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.88 per share, with a total value of C$155,200.00.

Computer Modelling Group Price Performance

CMG stock remained flat at C$3.90 on Tuesday. The company had a trading volume of 80,437 shares, compared to its average volume of 205,543. Computer Modelling Group Ltd. has a one year low of C$3.55 and a one year high of C$8.23. The company has a debt-to-equity ratio of 55.24, a quick ratio of 2.25 and a current ratio of 1.00. The company has a market cap of C$304.18 million, a P/E ratio of 18.57, a P/E/G ratio of 1.97 and a beta of -0.82. The firm’s 50 day simple moving average is C$3.95 and its two-hundred day simple moving average is C$4.39.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data on Thursday, May 21st. The company reported C$0.07 earnings per share for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%.The company had revenue of C$33.67 million during the quarter. On average, sell-side analysts forecast that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current year.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, June 5th. Computer Modelling Group’s dividend payout ratio (DPR) is 38.10%.

Analysts Set New Price Targets

CMG has been the subject of a number of analyst reports. National Bank Financial reduced their price objective on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Ventum Financial lifted their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a report on Thursday, March 26th. Finally, Raymond James Financial reduced their target price on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Computer Modelling Group presently has an average rating of “Moderate Buy” and a consensus price target of C$5.75.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.