Black Diamond Group (TSE:BDI) Upgraded at Cormark

Cormark upgraded shares of Black Diamond Group (TSE:BDI) to a moderate buy rating in a research note released on Wednesday morning,Zacks.com reports. Cormark also issued estimates for Black Diamond Group’s FY2027 earnings at $0.80 EPS.

Separately, Raymond James raised their price target on Black Diamond Group from C$12.00 to C$14.00 and gave the company a “strong-buy” rating in a research report on Monday, August 26th.

Black Diamond Group Stock Up 0.6 %

BDI stock opened at C$9.39 on Wednesday. The company’s 50 day moving average is C$9.07 and its 200 day moving average is C$9.01. The stock has a market cap of C$562.55 million, a price-to-earnings ratio of 19.56 and a beta of 1.54. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. Black Diamond Group has a 1-year low of C$7.40 and a 1-year high of C$10.27.

Black Diamond Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from Black Diamond Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 31st. Black Diamond Group’s payout ratio is presently 25.00%.

Insider Activity at Black Diamond Group

In other Black Diamond Group news, Senior Officer Tobias Gerald Labrie sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$9.40, for a total value of C$141,000.00. Also, Senior Officer Michael Lenard Ridley sold 9,329 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$9.37, for a total value of C$87,412.73. In the last 90 days, insiders have sold 49,049 shares of company stock valued at $460,652. Insiders own 23.83% of the company’s stock.

About Black Diamond Group

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.