Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley Sells 2,900 Shares

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 2,900 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$9.46, for a total value 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 shares were 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 shares were 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 value of C$87,412.73.

Black Diamond Group Price Performance

Shares of TSE BDI traded down C$0.12 during trading on Monday, hitting C$9.30. The company had a trading volume of 31,899 shares, compared to its average volume of 48,057. Black Diamond Group Limited has a 52 week low of C$7.40 and a 52 week high of C$10.27. The business’s 50-day moving average is C$9.09 and its 200 day moving average is C$9.12. 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 company has a debt-to-equity ratio of 84.84, a quick ratio of 1.05 and a current ratio of 1.18.

Black Diamond Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.51%. This is an increase from Black Diamond Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 31st. Black Diamond Group’s dividend payout ratio is currently 25.00%.

Analysts Set New Price Targets

Separately, Cormark upgraded 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.