Pramod Jain Buys 6,100 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Pramod Jain bought 6,100 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of C$4.99 per share, for a total transaction of C$30,455.47.

Pramod Jain also recently made the following trade(s):

• On Thursday, May 29th, Pramod Jain bought 750 shares of Computer Modelling Group stock. The shares were acquired at an average price of C$6.74 per share, for a total transaction of C$5,051.25.
• On Tuesday, March 18th, Pramod Jain bought 4,635 shares of Computer Modelling Group stock. The shares were acquired at an average price of C$7.68 per share, for a total transaction of C$35,590.31.
• On Thursday, March 13th, Pramod Jain bought 14,425 shares of Computer Modelling Group stock. The shares were acquired at an average price of C$7.42 per share, for a total transaction of C$107,011.11.

Computer Modelling Group Stock Performance

Computer Modelling Group stock opened at C$6.98 on Friday. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. Computer Modelling Group Ltd. has a 1-year low of C$6.58 and a 1-year high of C$14.73. The firm has a market capitalization of C$563.18 million, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company’s 50-day moving average is C$7.54 and its 200 day moving average is C$8.89.

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, June 5th. Computer Modelling Group’s dividend payout ratio (DPR) is currently 65.95%.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent research reports. CIBC decreased their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Ventum Cap Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Raymond James reduced their price objective on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Cibc World Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Ventum Financial reduced their price objective on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Computer Modelling Group presently has an average rating of “Hold” and a consensus target price of C$13.14.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.