Black Diamond Group Limited Senior Officer Sells Stock Worth C$87,412.73

On December 13th, Black Diamond Group Limited (TSE:BDI) reported that Senior Officer Michael Lenard Ridley sold 9,329 shares. The shares were sold at an average price of C$9.37, bringing the total transaction value to C$87,412.73.

Black Diamond Group Stock Performance

On the following Monday, shares of Black Diamond Group experienced a slight decline, trading down C$0.06 to C$9.34. The trading volume reached 44,014 shares, which is lower than the average volume of 59,165. Over the past year, the stock recorded a 52-week low of C$7.40 and a high of C$10.27. The company holds a market capitalization of C$559.56 million and has a price-to-earnings ratio of 19.58, with a beta of 1.54. The fifty-day moving average stands at C$9.07, while the 200-day moving average is C$8.97. The firm's financial ratios are highlighted by a debt-to-equity ratio of 84.84, a current ratio of 1.18, and a quick ratio of 1.05.

Increased Dividend Announcement

Recently, Black Diamond Group also declared a quarterly dividend that is set to be paid on January 15th. Shareholders on record as of December 31st will receive a dividend of C$0.035, which translates to an annual dividend of C$0.14, yielding 1.50%. This is an increase from the previous quarterly dividend of C$0.03. The company's dividend payout ratio is currently 25.00%.

Analyst Ratings Updates

In updates concerning analyst ratings, Raymond James has raised its target price for Black Diamond Group from C$12.00 to C$14.00 and has given the firm a "strong-buy" rating.

Overview of Black Diamond Group

Black Diamond Group Limited specializes in renting and selling modular space and workforce accommodation solutions. The company's operations are divided into two segments: Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment caters to various industries in North America, including construction, real estate, education, manufacturing, healthcare, finance, government, and defense.

Stock, Sale, Dividend