Patrick Melanson Sells 10,000 Shares of Black Diamond Group Limited (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDIGet Free Report) Senior Officer Patrick Melanson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$9.00, for a total value of C$90,000.00.

Black Diamond Group Price Performance

Shares of BDI stock opened at C$9.08 on Friday. The stock’s fifty day simple moving average is C$8.93 and its 200 day simple moving average is C$7.80. The company has a debt-to-equity ratio of 77.86, a current ratio of 1.19 and a quick ratio of 1.05. The firm has a market cap of C$545.80 million, a price-to-earnings ratio of 17.13 and a beta of 1.72. Black Diamond Group Limited has a one year low of C$5.35 and a one year high of C$9.92.

Black Diamond Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, March 27th. Black Diamond Group’s dividend payout ratio is 22.64%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BDI. Acumen Capital lifted their price objective on Black Diamond Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets lifted their price objective on Black Diamond Group from C$11.00 to C$12.00 in a report on Friday, March 1st. Finally, Canaccord Genuity Group lifted their price objective on Black Diamond Group from C$9.50 to C$11.00 and gave the stock a “buy” rating in a report on Monday.

Read Our Latest Stock Report on Black Diamond Group

Black Diamond Group Company Profile

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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.

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