Insider Selling: Black Diamond Group (TSE:BDI) Insider Sells 103,300 Shares of Stock

Black Diamond Group Limited (TSE:BDI) insider Edward John Redmond sold 103,300 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$18.87, for a total value of C$1,949,271.00. Following the completion of the transaction, the insider directly owned 320,420 shares in the company, valued at approximately C$6,046,325.40. The trade was a 24.38% decrease in their ownership of the stock.

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

• On Wednesday, May 27th, Edward John Redmond sold 138,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.54, for a total value of C$2,696,520.00.

Black Diamond Group Stock Up 0.8%

BDI stock traded up C$0.15 during mid-day trading on Thursday, hitting C$19.86. The stock had a trading volume of 232,928 shares, compared to its average volume of 161,731. 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 Limited has a 1-year low of C$9.20 and a 1-year high of C$20.14. The company has a fifty day moving average of C$16.94 and a 200 day moving average of C$16.01. The stock has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 40.53 and a beta of 1.12.

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price objective on Black Diamond Group from C$17.00 to C$20.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Black Diamond Group has a consensus rating of “Buy” and an average 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.