Insider Selling: Black Diamond Group (TSE:BDI) Insider Sells C$2,696,520.00 in Stock

Black Diamond Group Limited (TSE:BDI) insider Edward John Redmond sold 138,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$19.54, for a total transaction of C$2,696,520.00. Following the completion of the transaction, the insider directly owned 182,420 shares of the company’s stock, valued at approximately C$3,564,486.80. This represents a 43.07% decrease in their position.

Edward John Redmond also recently made the following trade(s):

• On Tuesday, May 26th, Edward John Redmond sold 103,300 shares of Black Diamond Group stock. The stock was sold at an average price of C$18.87, for a total transaction of C$1,949,271.00.

Black Diamond Group Trading Down 0.9%

TSE BDI opened at C$19.68 on Friday. The company has a fifty day simple moving average of C$17.02 and a two-hundred day simple moving average of C$16.03. The stock has a market cap of C$1.35 billion, a P/E ratio of 40.16 and a beta of 1.12. Black Diamond Group Limited has a 12-month low of C$9.20 and a 12-month high of C$20.14. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 93.57.

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised 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 report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Black Diamond Group presently has a consensus rating of “Buy” and an average target price 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.