Black Diamond Group Limited Senior Officer Sells Shares

On Friday, December 13th, Senior Officer Michael Lenard Ridley sold 9,329 shares of Black Diamond Group Limited (TSE:BDI) stock. The shares were sold at an average price of C$9.37, resulting in a total transaction value of C$87,412.73.

Current Stock Performance

As of Monday, Black Diamond Group shares traded down by C$0.06, reaching a price of C$9.34 by mid-day. The total trading volume was 44,014 shares, which is lower than the average trading volume of 59,165 shares. Over the past year, the company has seen a low of C$7.40 and a high of C$10.27 for its shares. Black Diamond Group has a market capitalization of C$559.56 million, with a price-to-earnings ratio of 19.58 and a beta of 1.54. The fifty-day and two hundred-day moving averages stand at C$9.07 and C$8.97, respectively. Additionally, 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 Increase Announcement

Recently, Black Diamond Group Limited announced a quarterly dividend of $0.035, which is set to be paid on Wednesday, January 15th. Investors who are on record as of Tuesday, December 31st, will receive this dividend. This new dividend represents an annualized rate of $0.14, giving a yield of 1.50%. The ex-dividend date is also set for December 31st. This increase is noted as a rise from the previous quarterly dividend of $0.03, and the company's dividend payout ratio is currently 25.00%.

Analyst Ratings Update

In recent news, Raymond James has raised their target price for Black Diamond Group from C$12.00 to C$14.00, assigning the company a "strong-buy" rating in a report dated August 26th.

About Black Diamond Group

Black Diamond Group Limited provides modular space and workforce accommodation solutions and operates in two segments: Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment focuses on providing modular space rentals to clients in various industries, including construction, education, healthcare, and government throughout North America.

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