Black Diamond Group (TSE:BDI) Reaches New 52-Week High at $10.15

Black Diamond Group Limited (TSE:BDI) shares reached a new 52-week high during trading on Friday . The company traded as high as C$10.15 and last traded at C$10.15, with a volume of 30111 shares traded. The stock had previously closed at C$10.01.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday, August 2nd. Raymond James upped their price objective on Black Diamond Group from C$12.00 to C$14.00 and gave the company a “strong-buy” rating in a report on Monday, August 26th.

Black Diamond Group Stock Up 1.7 %

The company has a debt-to-equity ratio of 84.84, a current ratio of 1.18 and a quick ratio of 1.05. The company has a market capitalization of C$609.88 million, a price-to-earnings ratio of 20.85 and a beta of 1.56. The firm has a 50-day moving average price of C$9.50 and a two-hundred day moving average price of C$8.74.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.12 earnings per share for the quarter, topping the consensus estimate of C$0.11 by C$0.01. The company had revenue of C$95.50 million during the quarter, compared to analysts’ expectations of C$93.70 million. Black Diamond Group had a net margin of 7.78% and a return on equity of 10.86%. As a group, sell-side analysts anticipate that Black Diamond Group Limited will post 0.5349345 earnings per share for the current fiscal year.

Black Diamond Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.03 per share. The ex-dividend date is Monday, September 30th. This represents a $0.12 annualized dividend and a yield of 1.18%. Black Diamond Group’s dividend payout ratio (DPR) is presently 25.00%.

Insider Transactions at Black Diamond Group

In related news, Senior Officer Edward John Redmond sold 20,000 shares of Black Diamond Group stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$9.97, for a total value of C$199,400.00. In other Black Diamond Group news, Senior Officer Michael Lenard Ridley sold 8,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$10.15, for a total transaction of C$81,200.00. Also, Senior Officer Edward John Redmond sold 20,000 shares of Black Diamond Group stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$9.97, for a total transaction of C$199,400.00. Insiders sold a total of 123,000 shares of company stock worth $1,215,370 in the last three months. Insiders own 23.91% of the company’s stock.

Black Diamond Group Company Profile

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.