Alexander Davern Acquires 20,000 Shares of Computer Modelling Group (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 20,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was acquired at an average price of C$3.76 per share, with a total value of C$75,200.00. Following the acquisition, the director owned 115,000 shares in the company, valued at approximately C$432,400. This trade represents a 21.05% increase in their position.

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 price of C$3.69 per share, with a total value of C$36,900.00.
• On Friday, June 12th, Alexander Davern acquired 500 shares of Computer Modelling Group stock. The stock was 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 acquired 19,500 shares of Computer Modelling Group stock. The stock was acquired at an average price of C$3.81 per share, with a total value of C$74,295.00.
• On Monday, June 15th, Alexander Davern acquired 40,000 shares of Computer Modelling Group stock. The stock was acquired at an average price of C$3.88 per share, with a total value of C$155,200.00.

Computer Modelling Group Stock Performance

TSE CMG remained flat at C$3.90 on Tuesday. The company’s stock had a trading volume of 80,437 shares, compared to its average volume of 205,543. Computer Modelling Group Ltd. has a 1-year low of C$3.55 and a 1-year high of C$8.23. The company has a debt-to-equity ratio of 55.24, a quick ratio of 2.25 and a current ratio of 1.00. The firm’s 50-day simple moving average is C$3.95 and its 200-day simple moving average is C$4.39. The firm 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.

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

Computer Modelling Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMG. Raymond James Financial lowered their target price on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research note on Friday, May 22nd. Ventum Financial raised their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research note on Thursday, March 26th. Finally, National Bank Financial lowered their target price on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$5.75.

About Computer Modelling Group

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.