Insider Buying: Computer Modelling Group (TSE:CMG) Director Buys 40,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern purchased 40,000 shares of Computer Modelling Group stock in a transaction on Monday, June 15th. The shares were acquired at an average price of C$3.88 per share, with a total value of C$155,200.00. Following the transaction, the director directly owned 175,000 shares in the company, valued at C$679,000. This trade represents a 29.63% increase in their position.

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

• On Friday, June 12th, Alexander Davern purchased 10,000 shares of Computer Modelling Group stock. The shares were acquired at an average price of C$3.69 per share, with a total value of C$36,900.00.
• On Friday, June 12th, Alexander Davern purchased 20,000 shares of Computer Modelling Group stock. The shares were acquired 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 purchased 500 shares of Computer Modelling Group stock. The shares were acquired 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 acquired at an average price of C$3.81 per share, with a total value of C$74,295.00.

Computer Modelling Group Price Performance

CMG stock remained flat at C$3.90 during trading on Tuesday. The company’s stock had a trading volume of 80,437 shares, compared to its average volume of 205,543. The company has a current ratio of 1.00, a quick ratio of 2.25 and a debt-to-equity ratio of 55.24. Computer Modelling Group Ltd. has a one year low of C$3.55 and a one year high of C$8.23. The company has a fifty day simple moving average of C$3.95 and a two-hundred day simple moving average of C$4.39. The stock has a market capitalization of C$304.18 million, a price-to-earnings ratio of 18.57, a PEG ratio of 1.97 and a beta of -0.82.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings results on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%.The company had revenue of C$33.67 million during the quarter. As a group, sell-side analysts expect that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

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

Analyst Ratings Changes

CMG has been the subject of several research analyst reports. Ventum Financial upped their price objective on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a report on Thursday, March 26th. Raymond James Financial reduced their price objective on shares of Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Finally, National Bank Financial reduced their price objective on shares of Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company 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.