Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Director Sells C$212,000.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 20,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were 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 shares were 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 shares were 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 transaction of C$102,500.00.

Computer Modelling Group Price Performance

Shares of Computer Modelling Group stock opened at C$10.60 on Friday. The company has a current ratio of 1.76, a quick ratio of 2.25 and a debt-to-equity ratio of 59.81. The company’s 50-day moving average price is C$10.11 and its two-hundred day moving average price is C$9.89. Computer Modelling Group Ltd. has a 52 week low of C$6.21 and a 52 week high of C$10.76. The stock has a market cap of C$861.04 million, a PE ratio of 36.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.15.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings results on Wednesday, February 7th. The company reported C$0.08 EPS for the quarter, hitting the consensus estimate of C$0.08. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The firm had revenue of C$33.01 million for the quarter, compared to analysts’ expectations of C$31.65 million. As a group, sell-side analysts anticipate that Computer Modelling Group Ltd. will post 0.3501041 EPS for the current fiscal year.

Computer Modelling Group Announces Dividend

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

Analyst Ratings Changes

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