Computer Modelling Group (TSE:CMG) Director Alexander Davern Purchases 40,000 Shares

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 40,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was acquired 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 in the company, valued at C$679,000. This trade represents a 29.63% increase in their ownership of the stock.

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

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

Computer Modelling Group Price Performance

Shares of TSE:CMG opened at C$3.90 on Wednesday. The company has a market capitalization of C$304.18 million, a price-to-earnings ratio of 18.57, a P/E/G ratio of 1.97 and a beta of -0.82. The company has a debt-to-equity ratio of 55.24, a current ratio of 1.00 and a quick ratio of 2.25. The business’s 50-day moving average is C$3.95 and its 200-day moving average is C$4.39. Computer Modelling Group Ltd. has a 1 year low of C$3.55 and a 1 year high of C$8.23.

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

Computer Modelling Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CMG. National Bank Financial dropped their price target on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Ventum Financial upped their price target on Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Finally, Raymond James Financial dropped their price target 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Computer Modelling Group currently has an average rating of “Moderate Buy” and a consensus price target 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.