Alexander Davern Acquires 40,000 Shares of Computer Modelling Group (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 40,000 shares of Computer Modelling Group stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of C$3.88 per share, for a total transaction of C$155,200.00. Following the completion of the purchase, the director directly owned 175,000 shares of the company’s stock, valued at approximately C$679,000. The trade was a 29.63% increase in their position.

Alexander Davern also recently made the following trade(s):

• On Friday, June 12th, Alexander Davern bought 10,000 shares of Computer Modelling Group stock. The stock was bought at an average cost of C$3.69 per share, with a total value of C$36,900.00.
• On Friday, June 12th, Alexander Davern bought 20,000 shares of Computer Modelling Group stock. The shares were bought at an average price of C$3.76 per share, with a total value of C$75,200.00.
• On Friday, June 12th, Alexander Davern bought 500 shares of Computer Modelling Group stock. The shares were bought at an average price of C$3.78 per share, with a total value of C$1,890.00.
• On Friday, June 12th, Alexander Davern purchased 19,500 shares of Computer Modelling Group stock. The shares were bought at an average price of C$3.81 per share, for a total transaction of C$74,295.00.

Computer Modelling Group Price Performance

Shares of Computer Modelling Group stock opened at C$3.82 on Thursday. The company has a debt-to-equity ratio of 55.24, a current ratio of 1.00 and a quick ratio of 2.25. Computer Modelling Group Ltd. has a one year low of C$3.55 and a one year high of C$8.23. The business’s 50 day simple moving average is C$3.93 and its two-hundred day simple moving average is C$4.38. The stock has a market capitalization of C$297.94 million, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.97 and a beta of -0.82.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data on Thursday, May 21st. The company reported C$0.07 earnings per share for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%.The firm had revenue of C$33.67 million during the quarter. Analysts forecast that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current year.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.04 annualized dividend and a yield of 1.0%. Computer Modelling Group’s dividend payout ratio is presently 38.10%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CMG shares. National Bank Financial decreased their price objective on shares of Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Ventum Financial increased their target price on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a report on Thursday, March 26th. Finally, Raymond James Financial cut their target price on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$5.75.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.