Edward John Redmond Sells 103,300 Shares of Black Diamond Group (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) insider Edward John Redmond sold 103,300 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$18.87, for a total value of C$1,949,271.00. Following the sale, the insider directly owned 320,420 shares in the company, valued at C$6,046,325.40. This trade represents a 24.38% decrease in their ownership of the stock.

Edward John Redmond also recently made the following trade(s):

• On Wednesday, May 27th, Edward John Redmond sold 138,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.54, for a total value of C$2,696,520.00.

Black Diamond Group Trading Up 0.8%

Shares of Black Diamond Group stock traded up C$0.15 on Thursday, reaching C$19.86. 232,928 shares of the company were exchanged, compared to its average volume of 161,731. The stock has a fifty day moving average price of C$16.94 and a 200-day moving average price of C$16.01. The firm has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 40.53 and a beta of 1.12. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 93.57. Black Diamond Group Limited has a fifty-two week low of C$9.20 and a fifty-two week high of C$20.14.

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

Analyst Ratings Changes

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

About Black Diamond Group

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.