Black Diamond Group (TSE:BDI) Insider Michael Lenard Ridley Sells 10,000 Shares

Black Diamond Group Limited (TSE:BDI) insider Michael Lenard Ridley sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of C$17.50, for a total transaction of C$175,000.00. Following the completion of the sale, the insider directly owned 432,253 shares in the company, valued at C$7,564,427.50. This represents a 2.26% decrease in their ownership of the stock.

Black Diamond Group Stock Up 0.3%

TSE:BDI opened at C$17.81 on Friday. The firm’s 50-day moving average price is C$16.67 and its 200-day moving average price is C$15.85. The company has a market capitalization of C$1.22 billion, a PE ratio of 36.35 and a beta of 1.12. The company has a debt-to-equity ratio of 93.57, a current ratio of 1.45 and a quick ratio of 1.05. Black Diamond Group Limited has a 1-year low of C$9.20 and a 1-year high of C$18.75.

Black Diamond Group (TSE:BDI) last released its 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%. On average, equities analysts predict that Black Diamond Group Limited will post 0.5349233 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their target price 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$19.25.

Black Diamond Group Company Profile

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.