Computer Modelling Group Ltd. (TSE:CMG) Director Ryan Nicolas Schneider acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of C$7.28 per share, for a total transaction of C$21,840.00. Following the acquisition, the director now owns 3,900 shares of the company’s stock, valued at approximately C$28,392.
Shares of TSE CMG traded up C$0.02 on Friday, hitting C$7.26. The company’s stock had a trading volume of 20,745 shares, compared to its average volume of 180,866. Computer Modelling Group Ltd. has a 12-month low of C$5.25 and a 12-month high of C$10.36. The company has a market capitalization of $580.84 million and a PE ratio of 26.23.
Computer Modelling Group (TSE:CMG) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.03. The business had revenue of C$21.14 million during the quarter, compared to analysts’ expectations of C$16.80 million. As a group, equities research analysts expect that Computer Modelling Group Ltd. will post 0.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, June 14th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Wednesday, June 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 144.93%.
Several brokerages have issued reports on CMG. Industrial Alliance Securities downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and upped their price target for the company from C$7.50 to C$7.75 in a report on Friday, June 7th. BMO Capital Markets set a C$9.00 price target on shares of Computer Modelling Group and gave the company an “outperform” rating in a report on Friday, May 24th. Finally, Canaccord Genuity raised shares of Computer Modelling Group from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$7.81.
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Computer Modelling Group Company Profile
Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.
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