Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Director Sells 10,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 20th. The stock was sold at an average price of C$10.50, for a total transaction of C$105,000.00.

Kenneth Michael Dedeluk also recently made the following trade(s):

• On Thursday, January 16th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.35, for a total value of C$51,750.00.
• On Monday, December 2nd, Kenneth Michael Dedeluk sold 700 shares of Computer Modelling Group stock. The shares were sold at an average price of C$11.55, for a total value of C$8,085.00.

Computer Modelling Group Price Performance

CMG traded down C$0.18 on Tuesday, reaching C$10.31. The company had a trading volume of 114,020 shares, compared to its average volume of 121,372. The company has a market capitalization of C$843.87 million, a P/E ratio of 36.82, a PEG ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. The company has a fifty day moving average of C$10.55 and a 200-day moving average of C$11.90. Computer Modelling Group Ltd. has a one year low of C$8.43 and a one year high of C$14.73.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.01. Computer Modelling Group had a net margin of 19.69% and a return on equity of 36.56%. As a group, equities research analysts anticipate that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CMG shares. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and cut their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. BMO Capital Markets cut their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, CIBC reduced their target price on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$13.39.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.