Dye & Durham Limited (TSE:DND) Insider Plantro Ltd. Sells 1,778,900 Shares

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. sold 1,778,900 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of C$15.16, for a total value of C$26,967,768.22.

Plantro Ltd. also recently made the following trade(s):

• On Thursday, December 19th, Plantro Ltd. sold 1,000,000 shares of Dye & Durham stock. The shares were sold at an average price of C$19.15, for a total value of C$19,150,000.00.

Dye & Durham Stock Performance

DND opened at C$16.07 on Tuesday. The stock has a market cap of C$1.08 billion, a P/E ratio of -5.48 and a beta of 2.09. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98. The stock’s 50 day simple moving average is C$18.30 and its 200 day simple moving average is C$15.99. Dye & Durham Limited has a 1-year low of C$10.92 and a 1-year high of C$22.59.

Dye & Durham (TSE:DND) last released its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. The firm had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. As a group, equities analysts anticipate that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, November 14th. Dye & Durham’s dividend payout ratio is currently -2.73%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DND. Canaccord Genuity Group reduced their price objective on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research note on Wednesday, December 18th. CIBC boosted their target price on Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. BMO Capital Markets boosted their target price on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group boosted their target price on Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$24.71.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.