Plantro Ltd. Sells 1,000,000 Shares of Dye & Durham Limited (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. sold 1,000,000 shares of Dye & Durham stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$19.15, for a total transaction of C$19,150,000.00.

Dye & Durham Trading Down 1.4 %

TSE DND opened at C$17.51 on Thursday. Dye & Durham Limited has a one year low of C$10.92 and a one year high of C$22.59. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98. The firm has a market cap of C$1.17 billion, a P/E ratio of -5.98 and a beta of 2.09. The stock’s 50-day moving average is C$18.82 and its 200-day moving average is C$15.34.

Dye & Durham (TSE:DND) last posted its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. The business had revenue of C$119.93 million for the quarter, compared to the consensus estimate of C$120.30 million. Sell-side analysts anticipate that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

Dye & Durham Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.019 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.43%. Dye & Durham’s dividend payout ratio is currently -2.73%.

Wall Street Analyst Weigh In

DND has been the topic of several recent research reports. Canaccord Genuity Group raised their price target on Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. CIBC raised their target price on Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Canaccord Genuity Group lowered their price target on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Finally, BMO Capital Markets lifted their price objective on shares of Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Dye & Durham currently has a consensus rating of “Buy” and a consensus target price of C$24.71.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.