Black Diamond Group Limited (TSE:BDI) Senior Officer Sells C$87,412.73 in Stock

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

Black Diamond Group Trading Down

On Monday, during mid-day trading, shares of Black Diamond Group decreased by C$0.06 to reach a price of C$9.34. The trading volume was noted at 44,014 shares, which is lower than the average volume of 59,165 shares. The company’s stock has fluctuated within the past year, with a 52-week low of C$7.40 and a high of C$10.27. Presently, Black Diamond Group Limited has a market capitalization of C$559.56 million and a price-to-earnings ratio of 19.58. Its beta stands at 1.54, indicating volatility in comparison to the market. The stock's fifty-day moving average is recorded at C$9.07, while the 200-day moving average is C$8.97. Furthermore, the company’s debt-to-equity ratio is high at 84.84, and its current ratio is 1.18, with a quick ratio of 1.05.

Dividend Announcement

Recently, Black Diamond Group announced an increase in its quarterly dividend to C$0.035, which will be paid on January 15th to shareholders who are recorded by December 31st. This new dividend represents an annualized total of C$0.14, offering a yield of 1.50%. The increase is notable as it reflects a rise from the previous quarterly dividend of C$0.03. The dividend payout ratio of the company is presently at 25.00%.

Analyst Ratings Change

In a recent update, Raymond James upgraded its target price for Black Diamond Group from C$12.00 to C$14.00, giving the company a "strong-buy" recommendation.

About Black Diamond Group

Black Diamond Group Limited is engaged in the rental and sale of modular space and workforce accommodation solutions. The business operates through two main divisions: Modular Space Solutions and Workforce Solutions. The Modular Space Solutions division caters to a diverse client base including construction, real estate development, education, manufacturing, healthcare, finance, government, and defense sectors throughout North America.

Investment Consideration

Before contemplating an investment in Black Diamond Group, it’s beneficial for investors to seek insights from top analysts. While Black Diamond is currently rated as a "Buy," notable analysts have highlighted other stocks that they believe have better investment potential.

Black, Diamond, Stocks