Black Diamond Group (TSE:BDI) Sets New 1-Year High at $10.15

Black Diamond Group Limited (TSE:BDI) hit a new 52-week high during trading on Friday . The stock traded as high as C$10.15 and last traded at C$10.15, with a volume of 30111 shares. The stock had previously closed at C$10.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Raymond James increased their price target on Black Diamond Group from C$12.00 to C$14.00 and gave the company a “strong-buy” rating in a research note on Monday, August 26th. BMO Capital Markets increased their price objective on shares of Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday, August 2nd.

Black Diamond Group Stock Performance

The company has a market cap of C$609.88 million, a P/E ratio of 20.85 and a beta of 1.56. The stock has a 50 day moving average price of C$9.50 and a two-hundred day moving average price of C$8.74. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 84.84.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.12 earnings per share for the quarter, topping the consensus estimate of C$0.11 by C$0.01. Black Diamond Group had a return on equity of 10.86% and a net margin of 7.78%. The firm had revenue of C$95.50 million for the quarter, compared to analysts’ expectations of C$93.70 million. On average, research analysts predict that Black Diamond Group Limited will post 0.5349345 earnings per share for the current fiscal year.

Black Diamond Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Monday, September 30th. Black Diamond Group’s dividend payout ratio (DPR) is 25.00%.

Insider Buying and Selling at Black Diamond Group

In related news, Senior Officer Edward John Redmond sold 80,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$9.80, for a total transaction of C$784,000.00. In other news, Director Steve Stein sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$10.10, for a total transaction of C$50,500.00. Also, Senior Officer Edward John Redmond sold 80,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$9.80, for a total transaction of C$784,000.00. Insiders sold 123,000 shares of company stock valued at $1,215,370 in the last quarter. Company insiders own 23.91% of the company’s stock.

Black Diamond Group Company Profile

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.