Insider Selling: Black Diamond Group (TSE:BDI) Insider Sells 10,000 Shares of Stock

Black Diamond Group Limited (TSE:BDI) insider Michael Lenard Ridley sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of C$17.50, for a total transaction of C$175,000.00. Following the completion of the transaction, the insider owned 432,253 shares in the company, valued at approximately C$7,564,427.50. This represents a 2.26% decrease in their position.

Black Diamond Group Stock Up 0.8%

Shares of TSE:BDI traded up C$0.14 during trading on Friday, reaching C$17.90. 39,147 shares of the stock traded hands, compared to its average volume of 155,081. The stock has a market cap of C$1.23 billion, a P/E ratio of 36.53 and a beta of 1.12. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45. The stock has a 50-day moving average of C$16.64 and a two-hundred day moving average of C$15.84. Black Diamond Group Limited has a 52-week low of C$9.20 and a 52-week high of C$18.75.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.04 earnings per share for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. The company had revenue of C$129.98 million during the quarter. As a group, sell-side analysts expect that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price objective on Black Diamond Group from C$17.00 to C$20.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Black Diamond Group has an average rating of “Buy” and a consensus target price of C$19.25.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.