Black Diamond Group (TSE:BDI) Insider Michael Lenard Ridley Sells 20,000 Shares of Stock

Black Diamond Group Limited (TSE:BDI) insider Michael Lenard Ridley sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of C$18.88, for a total value of C$377,600.00. Following the transaction, the insider owned 402,253 shares of the company’s stock, valued at approximately C$7,594,536.64. This trade represents a 4.74% decrease in their ownership of the stock.

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

• On Thursday, May 21st, Michael Lenard Ridley sold 10,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$17.50, for a total transaction of C$175,000.00.

Black Diamond Group Trading Up 0.6%

Black Diamond Group stock opened at C$18.70 on Friday. The business has a 50 day moving average price of C$18.10 and a two-hundred day moving average price of C$16.74. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57. The stock has a market cap of C$1.27 billion, a price-to-earnings ratio of 38.16 and a beta of 1.00. Black Diamond Group Limited has a 12 month low of C$9.62 and a 12 month high of C$20.14.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share for the quarter. The firm had revenue of C$129.98 million for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. As a group, equities analysts forecast that Black Diamond Group Limited will post 0.5349233 EPS for the current year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price objective on Black Diamond Group from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$19.25.

About Black Diamond Group

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.