Black Diamond Group Limited to Issue Quarterly Dividend of $0.03 (TSE:BDI)

Black Diamond Group Limited (TSE:BDI) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.03 per share on Tuesday, October 15th. This represents a $0.12 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Monday, September 30th.

Black Diamond Group Stock Up 1.4 %

Black Diamond Group stock opened at C$9.89 on Friday. The company has a market cap of C$592.51 million, a PE ratio of 20.60 and a beta of 1.56. The company has a debt-to-equity ratio of 84.84, a quick ratio of 1.05 and a current ratio of 1.18. The business’s 50-day simple moving average is C$9.61 and its two-hundred day simple moving average is C$8.77. Black Diamond Group has a fifty-two week low of C$5.94 and a fifty-two week high of C$10.27.

Black Diamond Group (TSE:BDI) last issued its earnings results on Thursday, August 1st. The company reported C$0.12 earnings per share (EPS) for the quarter, beating 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 company had revenue of C$95.50 million during the quarter, compared to analysts’ expectations of C$93.70 million. Equities analysts anticipate that Black Diamond Group will post 0.5349345 EPS for the current year.

Insider Activity at Black Diamond Group

In other Black Diamond Group news, Senior Officer Edward John Redmond sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$9.97, for a total transaction of C$199,400.00. In related news, Senior Officer Michael Lenard Ridley sold 8,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$10.15, for a total transaction of C$81,200.00. Also, Senior Officer Edward John Redmond sold 20,000 shares of Black Diamond Group stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$9.97, for a total value of C$199,400.00. Insiders sold a total of 123,000 shares of company stock valued at $1,215,370 over the last ninety days. Insiders own 23.91% of the company’s stock.

Analyst Upgrades and Downgrades

BDI has been the subject of several research analyst reports. Raymond James increased their target price on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a research note on Monday, August 26th. BMO Capital Markets lifted their price target on shares of Black Diamond Group from C$11.00 to C$12.00 in a research note on Friday, August 2nd.

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.