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

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. sold 1,000,000 shares of the business’s 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 Stock Performance

DND stock traded down C$0.25 during trading on Tuesday, hitting C$17.51. 35,041 shares of the company’s stock traded hands, compared to its average volume of 153,155. The stock has a market capitalization of C$1.17 billion, a price-to-earnings ratio of -5.98 and a beta of 2.09. Dye & Durham Limited has a 52 week low of C$10.92 and a 52 week high of C$22.59. The stock has a fifty day moving average price of C$18.75 and a two-hundred day moving average price of C$15.31. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18.

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

Dye & Durham Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on DND. Canaccord Genuity Group lifted their price objective on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. BMO Capital Markets lifted their price target 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. CIBC increased their price objective on shares of Dye & Durham from C$22.00 to C$30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Finally, Canaccord Genuity Group dropped their target price on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dye & Durham has a consensus rating of “Buy” and an average price target of C$24.71.

Dye & Durham Company Profile

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.