Michael Lenard Ridley Sells 2,900 Shares of Black Diamond Group Limited (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 2,900 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$9.46, for a total transaction of C$27,434.00.

Michael Lenard Ridley also recently made the following trade(s):

• On Friday, December 20th, Michael Lenard Ridley sold 9,000 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.42, for a total transaction of C$84,780.00.
• On Wednesday, December 18th, Michael Lenard Ridley sold 15,400 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.40, for a total value of C$144,760.00.
• On Monday, December 16th, Michael Lenard Ridley sold 9,320 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.39, for a total value of C$87,479.38.
• On Friday, December 13th, Michael Lenard Ridley sold 9,329 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.37, for a total value of C$87,412.73.

Black Diamond Group Stock Performance

BDI stock opened at C$9.20 on Thursday. Black Diamond Group Limited has a twelve month low of C$7.40 and a twelve month high of C$10.27. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 84.84. The company has a market cap of C$551.17 million, a P/E ratio of 19.17 and a beta of 1.54. The business’s fifty day moving average is C$9.10 and its 200-day moving average is C$9.15.

Black Diamond Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.035 dividend. This is a positive change from Black Diamond Group’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 31st. This represents a $0.14 annualized dividend and a yield of 1.52%. Black Diamond Group’s dividend payout ratio is presently 25.00%.

Wall Street Analyst Weigh In

Separately, Cormark upgraded shares of Black Diamond Group to a “moderate buy” rating in a research report on Wednesday, December 18th.

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.