Insider Selling: Black Diamond Group Limited (TSE:BDI) Senior Officer Sells 2,900 Shares of Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 2,900 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$9.46, for a total transaction of C$27,434.00.

Michael Lenard Ridley also recently made the following trade(s):

• On Friday, December 20th, Michael Lenard Ridley sold 9,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.42, for a total transaction of C$84,780.00.
• On Wednesday, December 18th, Michael Lenard Ridley sold 15,400 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.40, for a total transaction of C$144,760.00.
• On Monday, December 16th, Michael Lenard Ridley sold 9,320 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.39, for a total transaction of C$87,479.38.
• On Friday, December 13th, Michael Lenard Ridley sold 9,329 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.37, for a total transaction of C$87,412.73.

Black Diamond Group Stock Performance

BDI opened at C$9.30 on Tuesday. Black Diamond Group Limited has a 52-week low of C$7.40 and a 52-week high of C$10.27. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 84.84. The company has a market cap of C$557.16 million, a P/E ratio of 19.38 and a beta of 1.54. The firm’s 50-day moving average price is C$9.09 and its 200-day moving average price is C$9.14.

Black Diamond Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.035 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Black Diamond Group’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a yield of 1.51%. Black Diamond Group’s dividend payout ratio (DPR) is currently 25.00%.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded shares of Black Diamond Group to a “moderate buy” rating in a report on Wednesday, December 18th.

About Black Diamond Group

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.