Black Diamond Group Limited (TSE:BDI) Senior Officer Sells Stock Worth C$87,412

On Friday, December 13th, Michael Lenard Ridley, a Senior Officer at Black Diamond Group Limited (TSE:BDI), sold a total of 9,329 shares of the company’s stock. The shares were sold at an average price of C$9.37 each, resulting in a total transaction value of C$87,412.73.

Stock Performance Overview

During mid-day trading on Monday, Black Diamond's shares experienced a slight decline of C$0.06, bringing the stock price down to C$9.34. The trading volume on that day was 44,014 shares, which is below the average trading volume of 59,165 shares. Over the past year, Black Diamond Group's stock reached a low of C$7.40 and a high of C$10.27. The company holds a market capitalization of C$559.56 million, with a price-to-earnings ratio of 19.58 and a beta of 1.54. Additionally, the fifty-day moving average is currently C$9.07, while the 200-day moving average stands at C$8.97. The firm's debt-to-equity ratio is 84.84, and it has a current ratio of 1.18 and a quick ratio of 1.05.

Dividend Announcement

Black Diamond Group has also declared a quarterly dividend that is set to be distributed on January 15th. Shareholders registered by December 31st will receive a dividend payment of $0.035 per share. This amount equates to an annualized dividend of $0.14 and represents a yield of 1.50%. The ex-dividend date is also December 31st. This new dividend is an increase from the previous quarterly payment of $0.03. Black Diamond Group has a dividend payout ratio of 25.00%.

Analyst Recommendations

In terms of market analysis, Raymond James recently upgraded their price target for Black Diamond Group from C$12.00 to C$14.00 and assigned a "strong-buy" rating for the stock in a report issued on August 26th.

Company Overview

Black Diamond Group Limited focuses on renting and selling modular space and workforce accommodation solutions. The company operates through two main segments: Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment primarily rents modular spaces to various sectors, including construction, real estate development, education, healthcare, government, and defense across North America.

Investment Considerations

Investors considering whether to invest in Black Diamond Group are encouraged to review the recommendations from top-rated analysts. While the stock has a "Buy" rating, some analysts believe that there are better investment opportunities available in the market.

Stock, Sale, Dividend