Kernwood Limited Sells 192,000 Shares of Black Diamond Group (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) insider Kernwood Limited sold 192,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of C$19.18, for a total transaction of C$3,682,560.00. Following the transaction, the insider directly owned 6,896,300 shares in the company, valued at approximately C$132,271,034. The trade was a 2.71% decrease in their position.

Kernwood Limited also recently made the following trade(s):

• On Tuesday, July 7th, Kernwood Limited sold 200 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.02, for a total transaction of C$3,804.00.
• On Tuesday, July 7th, Kernwood Limited sold 7,700 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.01, for a total transaction of C$146,377.00.
• On Tuesday, July 7th, Kernwood Limited sold 400 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.00, for a total transaction of C$7,600.00.
• On Thursday, July 9th, Kernwood Limited sold 56,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.09, for a total transaction of C$1,069,040.00.
• On Friday, July 10th, Kernwood Limited sold 255,500 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.05, for a total transaction of C$4,867,275.00.

Black Diamond Group Stock Performance

TSE:BDI opened at C$18.98 on Monday. The company has a debt-to-equity ratio of 93.57, a current ratio of 1.45 and a quick ratio of 1.05. The firm has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 38.73 and a beta of 1.08. The company’s 50-day moving average is C$18.41 and its two-hundred day moving average is C$17.07. Black Diamond Group Limited has a 1-year low of C$10.41 and a 1-year high of C$20.14.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$129.98 million during the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. Analysts forecast that Black Diamond Group Limited will post 0.5349233 EPS for the current year.

Key Stories Impacting Black Diamond Group

Here are the key news stories impacting Black Diamond Group this week:

• Negative Sentiment: Multiple insider share sales by Elizabeth Kernaghan and Kernwood Limited may weigh on sentiment, since investors often view heavy selling by a director as a possible signal that shares are fully valued or that near-term upside may be limited. Insider Selling: Black Diamond Group (TSE:BDI) Director Sells C$1,069,040.00 in Stock
• Neutral Sentiment: The sales were spread across several transactions from July 7 to July 10 and appear relatively small compared with the insider’s remaining holdings, so the move is more of a sentiment headwind than a major ownership shift. Black Diamond Group (TSE:BDI) Director Elizabeth Kernaghan Sells 255,500 Shares of Stock

About Black Diamond Group

Black Diamond is an industrial services and asset management company with two operating business units – Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond operates in Canada, the United States and Australia. MSS, through its principal brands – BOXX Modular, CLM and Schiavi – owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors.