Black Diamond Group Limited Senior Officer Sells Shares Worth C$87,412.73

On December 13th, Michael Lenard Ridley, a Senior Officer at Black Diamond Group Limited (TSE:BDI), executed a sale of 9,329 shares of the company's stock. This sale occurred at an average price of C$9.37 per share, culminating in a total transaction worth C$87,412.73.

Current Trading Activity

Following the transaction, shares of Black Diamond Group experienced a slight decline of 0.6% during midday trading on Monday, landing at C$9.34. The trading volume reached 44,014 shares, compared to an average volume of 59,165 shares. Notably, Black Diamond Group has seen its stock fluctuate between a 52-week low of C$7.40 and a high of C$10.27. The company boasts a market capitalization of C$559.56 million, a price-to-earnings ratio of 19.58, and a beta of 1.54. The 50-day and 200-day moving averages sit at C$9.07 and C$8.97, respectively. On a financial stability note, the firm has a debt-to-equity ratio of 84.84, a current ratio of 1.18, and a quick ratio of 1.05.

Dividend Announcement

In addition, Black Diamond Group has announced an increase in its quarterly dividend. The new dividend payment of $0.035 will be distributed on January 15th to all shareholders on record as of December 31st. This represents an annualized dividend of $0.14, equating to a yield of 1.50%. The company had previously offered a quarterly dividend of $0.03. The dividend payout ratio stands at an effective 25.00%.

Analyst Ratings Update

In a recent report, the financial firm Raymond James raised its target price for Black Diamond Group from C$12.00 to C$14.00, maintaining a "strong-buy" rating for the company as of August 26th.

Company Overview

Black Diamond Group Limited is engaged in renting and selling modular space and workforce accommodation solutions. The company operates through two primary segments: Modular Space Solutions and Workforce Solutions. Its Modular Space Solutions segment caters to a diverse clientele including industries such as construction, real estate, education, healthcare, finance, government, and defense across North America.

Black, Diamond, Selling