Black Diamond Group Limited (TSE:BDI) Declares Dividend Increase – $0.04 Per Share

Black Diamond Group Limited (TSE:BDI) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.035 per share on Wednesday, January 15th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Black Diamond Group’s previous quarterly dividend of $0.03.

Black Diamond Group Price Performance

TSE BDI traded down C$0.09 on Friday, reaching C$8.96. The company’s stock had a trading volume of 238,817 shares, compared to its average volume of 59,647. Black Diamond Group has a 52 week low of C$6.18 and a 52 week high of C$10.27. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. The firm has a market cap of C$536.79 million, a PE ratio of 18.67 and a beta of 1.54. The business has a 50-day moving average price of C$9.57 and a 200 day moving average price of C$8.86.

Black Diamond Group (TSE:BDI) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.12 earnings per share for the quarter, beating the consensus estimate of C$0.11 by C$0.01. Black Diamond Group had a return on equity of 10.86% and a net margin of 7.78%. The company had revenue of C$95.50 million for the quarter, compared to analyst estimates of C$93.70 million. Sell-side analysts expect that Black Diamond Group will post 0.5349233 EPS for the current year.

Insiders Place Their Bets

In other Black Diamond Group news, Senior Officer Edward John Redmond sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were 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 Edward John Redmond sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$9.97, for a total transaction of C$199,400.00. Also, Senior Officer Michael Lenard Ridley sold 8,000 shares of Black Diamond Group stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$10.15, for a total value of C$81,200.00. Over the last quarter, insiders have sold 123,000 shares of company stock valued at $1,215,370. 23.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.