Black Diamond Group Limited (BDI) to Issue Quarterly Dividend of $0.03 on April 15th

Black Diamond Group Limited (TSE:BDIGet Free Report) announced a quarterly dividend on Thursday, February 29th, Zacks reports. Shareholders of record on Sunday, March 31st will be paid a dividend of 0.03 per share on Monday, April 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Wednesday, March 27th.

Black Diamond Group Stock Performance

Shares of BDI opened at C$8.76 on Monday. The company has a debt-to-equity ratio of 72.03, a quick ratio of 1.05 and a current ratio of 1.10. The stock has a 50 day moving average price of C$9.04 and a two-hundred day moving average price of C$8.04. The firm has a market capitalization of C$527.44 million, a P/E ratio of 17.88 and a beta of 1.73. Black Diamond Group has a 52 week low of C$5.35 and a 52 week high of C$9.92.

Black Diamond Group (TSE:BDIGet Free Report) last announced its earnings results on Thursday, February 29th. The company reported C$0.13 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.03. Black Diamond Group had a return on equity of 11.11% and a net margin of 7.72%. The firm had revenue of C$103.40 million for the quarter, compared to the consensus estimate of C$89.70 million. Equities analysts forecast that Black Diamond Group will post 0.4652151 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BDI has been the topic of several research analyst reports. Acumen Capital upped their price objective on Black Diamond Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Monday, March 4th. Canaccord Genuity Group upped their price objective on Black Diamond Group from C$9.50 to C$11.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, BMO Capital Markets boosted their target price on shares of Black Diamond Group from C$11.00 to C$12.00 in a report on Friday, March 1st.

View Our Latest Research Report on Black Diamond Group

Insider Buying and Selling at Black Diamond Group

In other news, Senior Officer Patrick Melanson sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$9.00, for a total value of C$90,000.00. In other news, Senior Officer Patrick Melanson sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$9.00, for a total value of C$90,000.00. Also, Director Steve Stein sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$8.84, for a total transaction of C$44,200.00. Insiders have sold 43,850 shares of company stock valued at $392,459 in the last 90 days. 24.18% of the stock is currently owned by company insiders.

About Black Diamond Group

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Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.

Further Reading

Dividend History for Black Diamond Group (TSE:BDI)

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