Computer Modelling Group (TSE:CMG) Insider Buys C$12,571.81 in Stock

Computer Modelling Group Ltd. (TSE:CMG) insider Vipin Khullar acquired 3,623 shares of the stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of C$3.47 per share, for a total transaction of C$12,571.81. Following the purchase, the insider directly owned 9,326 shares in the company, valued at approximately C$32,361.22. The trade was a 63.53% increase in their ownership of the stock.

Computer Modelling Group Stock Up 2.9%

TSE CMG opened at C$3.89 on Friday. The company has a debt-to-equity ratio of 55.24, a current ratio of 1.00 and a quick ratio of 2.25. The company’s 50 day simple moving average is C$3.80 and its 200 day simple moving average is C$4.22. Computer Modelling Group Ltd. has a 12 month low of C$3.40 and a 12 month high of C$8.23. The company has a market capitalization of C$303.40 million, a P/E ratio of 18.52, a PEG ratio of 1.97 and a beta of -0.80.

Computer Modelling Group (TSE:CMG) last announced its earnings results on Thursday, May 21st. The company reported C$0.07 EPS for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%.The business had revenue of C$33.67 million during the quarter. Equities research analysts expect that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, June 5th. Computer Modelling Group’s dividend payout ratio (DPR) is 38.10%.

Analyst Ratings Changes

Several research analysts recently weighed in on CMG shares. Raymond James Financial dropped their price target on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. National Bank Financial decreased their price objective on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Finally, Ventum Financial lifted their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research note on Thursday, March 26th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$5.75.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.