Insider Buying: Computer Modelling Group (TSE:CMG) Director Buys C$155,200.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern bought 40,000 shares of Computer Modelling Group stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of C$3.88 per share, with a total value of C$155,200.00. Following the acquisition, the director owned 175,000 shares in the company, valued at approximately C$679,000. This represents a 29.63% increase in their position.

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

• On Friday, June 12th, Alexander Davern purchased 10,000 shares of Computer Modelling Group stock. The shares were acquired at an average cost of C$3.69 per share, for a total transaction of C$36,900.00.
• On Friday, June 12th, Alexander Davern purchased 20,000 shares of Computer Modelling Group stock. The shares were acquired at an average cost of C$3.76 per share, for a total transaction of C$75,200.00.
• On Friday, June 12th, Alexander Davern acquired 500 shares of Computer Modelling Group stock. The shares were acquired at an average cost of C$3.78 per share, for a total transaction of C$1,890.00.
• On Friday, June 12th, Alexander Davern acquired 19,500 shares of Computer Modelling Group stock. The stock was acquired at an average price of C$3.81 per share, with a total value of C$74,295.00.

Computer Modelling Group Price Performance

TSE CMG opened at C$3.79 on Friday. Computer Modelling Group Ltd. has a one year low of C$3.55 and a one year high of C$8.23. The stock has a 50-day moving average of C$3.92 and a 200 day moving average of C$4.37. 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 capitalization of C$295.60 million, a price-to-earnings ratio of 18.05, a PEG ratio of 1.97 and a beta of -0.82.

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

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Computer Modelling Group’s payout ratio is presently 38.10%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Raymond James Financial dropped their target price on shares of Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Ventum Financial boosted their target price on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research note on Thursday, March 26th. Finally, National Bank Financial lowered their price target on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Computer Modelling Group has a consensus rating of “Moderate Buy” and an average target price 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.