Insider Selling: Black Diamond Group (TSE:BDI) Insider Sells C$377,600.00 in Stock

Black Diamond Group Limited (TSE:BDI) insider Michael Lenard Ridley sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$18.88, for a total value of C$377,600.00. Following the transaction, the insider directly owned 402,253 shares of the company’s stock, valued at C$7,594,536.64. The trade was a 4.74% decrease in their position.

Michael Lenard Ridley also recently made the following trade(s):

• On Thursday, May 21st, Michael Lenard Ridley sold 10,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$17.50, for a total value of C$175,000.00.

Black Diamond Group Trading Up 0.8%

Shares of BDI traded up C$0.14 during mid-day trading on Friday, hitting C$18.73. 86,022 shares of the company’s stock traded hands, compared to its average volume of 160,900. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57. Black Diamond Group Limited has a 1 year low of C$9.62 and a 1 year high of C$20.14. The firm has a market capitalization of C$1.27 billion, a P/E ratio of 38.22 and a beta of 1.00. The business’s 50-day moving average price is C$18.07 and its 200-day moving average price is C$16.72.

Black Diamond Group (TSE:BDI) last announced its earnings results on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. Black Diamond Group had a return on equity of 8.46% and a net margin of 6.54%.The company had revenue of C$129.98 million during the quarter. As a group, sell-side analysts forecast that Black Diamond Group Limited will post 0.5349233 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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 research report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Black Diamond Group has a consensus rating of “Buy” and a consensus 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.