Insider Selling: Black Diamond Group (TSE:BDI) Director Sells 1,000 Shares of Stock

Black Diamond Group Limited (TSE:BDI) Director Robert Wagemakers sold 1,000 shares of Black Diamond Group stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$20.00, for a total transaction of C$20,000.00. Following the completion of the sale, the director directly owned 9,000 shares in the company, valued at C$180,000. This represents a 10.00% decrease in their position.

Robert Wagemakers also recently made the following trade(s):

• On Tuesday, May 26th, Robert Wagemakers sold 1,500 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.09, for a total transaction of C$28,635.00.

Black Diamond Group Price Performance

Black Diamond Group stock traded up C$0.15 during trading on Thursday, reaching C$19.86. The company had a trading volume of 232,928 shares, compared to its average volume of 161,731. The firm’s 50-day simple moving average is C$16.94 and its 200 day simple moving average is C$16.01. Black Diamond Group Limited has a 1-year low of C$9.20 and a 1-year high of C$20.14. The firm has a market capitalization of C$1.36 billion, a PE ratio of 40.53 and a beta of 1.12. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45.

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price target on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.