Black Diamond Group Limited (BDI) To Go Ex-Dividend on December 31st

Black Diamond Group Limited (TSE:BDI) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.035 per share on Wednesday, January 15th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.56%. 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.

Black Diamond Group Stock Down 1.0 %

Shares of TSE:BDI traded down C$0.09 during trading on Friday, reaching C$8.96. 238,817 shares of the stock traded hands, compared to its average volume of 59,647. The stock has a 50-day moving average of C$9.57 and a two-hundred day moving average of C$8.86. Black Diamond Group has a 52-week low of C$6.18 and a 52-week high of C$10.27. The company has a debt-to-equity ratio of 84.84, a quick ratio of 1.05 and a current ratio of 1.18. The stock has a market cap of C$536.79 million, a P/E ratio of 18.67 and a beta of 1.54.

Black Diamond Group (TSE:BDI) last issued its earnings results on Thursday, August 1st. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.11 by C$0.01. Black Diamond Group had a net margin of 7.78% and a return on equity of 10.86%. The company had revenue of C$95.50 million for the quarter, compared to analysts’ expectations of C$93.70 million. As a group, sell-side analysts expect that Black Diamond Group will post 0.5349233 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Steve Stein sold 5,000 shares of Black Diamond Group stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$10.10, for a total transaction of C$50,500.00. In related news, Director Steve Stein sold 5,000 shares of Black Diamond Group stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$10.10, for a total transaction of C$50,500.00. Also, Senior Officer Michael Lenard Ridley sold 8,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$10.15, for a total transaction of C$81,200.00. In the last ninety days, insiders sold 123,000 shares of company stock valued at $1,215,370. Company insiders own 23.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday, August 2nd. Raymond James raised their price objective 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 report 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.