Michael Lenard Ridley Sells 9,000 Shares of Black Diamond Group Limited (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 9,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of C$9.42, for a total transaction of C$84,780.00.

Michael Lenard Ridley also recently made the following trade(s):

• On Wednesday, December 18th, Michael Lenard Ridley sold 15,400 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.40, for a total transaction of C$144,760.00.
• On Monday, December 16th, Michael Lenard Ridley sold 9,320 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.39, for a total transaction of C$87,479.38.
• On Friday, December 13th, Michael Lenard Ridley sold 9,329 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.37, for a total value of C$87,412.73.

Black Diamond Group Stock Performance

TSE BDI traded down C$0.01 during trading on Tuesday, reaching C$9.41. 8,951 shares of the company’s stock were exchanged, compared to its average volume of 58,344. The company has a debt-to-equity ratio of 84.84, a current ratio of 1.18 and a quick ratio of 1.05. The business has a 50 day moving average price of C$9.07 and a 200-day moving average price of C$9.03. The stock has a market capitalization of C$563.75 million, a P/E ratio of 19.60 and a beta of 1.54. Black Diamond Group Limited has a fifty-two week low of C$7.40 and a fifty-two week high of C$10.27.

Black Diamond Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Black Diamond Group’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.49%. Black Diamond Group’s payout ratio is presently 25.00%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BDI. Cormark raised Black Diamond Group to a “moderate buy” rating in a research report on Wednesday, December 18th. Raymond James raised their target price on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the company a “strong-buy” rating in a research note on Monday, August 26th.

About Black Diamond Group

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.