Steve Stein Sells 20,000 Shares of Black Diamond Group (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Director Steve Stein sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of C$17.76, for a total transaction of C$355,200.00. Following the completion of the sale, the director owned 609,636 shares in the company, valued at C$10,827,135.36. This represents a 3.18% decrease in their position.

Black Diamond Group Stock Performance

BDI traded up C$0.14 during mid-day trading on Friday, reaching C$17.90. 39,147 shares of the company traded hands, compared to its average volume of 155,081. The company’s fifty day moving average price is C$16.64 and its 200-day moving average price is C$15.84. The stock has a market capitalization of C$1.23 billion, a P/E ratio of 36.53 and a beta of 1.12. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57. Black Diamond Group Limited has a 52-week low of C$9.20 and a 52-week high of C$18.75.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$129.98 million during the quarter. Black Diamond Group had a return on equity of 8.46% and a net margin of 6.54%. On average, sell-side analysts expect that Black Diamond Group Limited will post 0.5349233 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their price objective on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$19.25.

About Black Diamond Group

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.