Black Diamond Group (TSE:BDI) Director Edward Hume Kernaghan Sells 12,300 Shares

Black Diamond Group Limited (TSE:BDI) Director Edward Hume Kernaghan sold 12,300 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$19.33, for a total transaction of C$237,759.00. Following the completion of the transaction, the director directly owned 5,100 shares in the company, valued at C$98,583. This trade represents a 70.69% decrease in their ownership of the stock.

Edward Hume Kernaghan also recently made the following trade(s):

• On Tuesday, June 2nd, Edward Hume Kernaghan sold 7,700 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.35, for a total transaction of C$148,995.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 3,100 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.30, for a total transaction of C$59,830.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 1,000 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.50, for a total transaction of C$19,500.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 600 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.51, for a total transaction of C$11,706.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 6,300 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.42, for a total transaction of C$122,346.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 300 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.44, for a total transaction of C$5,832.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 700 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.48, for a total transaction of C$13,636.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 200 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.49, for a total transaction of C$3,898.00.
• On Tuesday, June 2nd, Edward Hume Kernaghan sold 100 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.50, for a total transaction of C$1,950.00.

Black Diamond Group Stock Performance

Black Diamond Group stock traded down C$0.25 during midday trading on Friday, hitting C$19.01. 145,133 shares of the company’s stock were exchanged, compared to its average volume of 164,384. Black Diamond Group Limited has a 12-month low of C$9.20 and a 12-month high of C$20.14. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45. The stock has a market cap of C$1.30 billion, a price-to-earnings ratio of 38.80 and a beta of 1.12. The firm’s 50 day simple moving average is C$17.32 and its 200 day simple moving average is C$16.20.

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

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised 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 report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$19.25.

Key Stories Impacting Black Diamond Group

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

• Negative Sentiment: Director Edward Hume Kernaghan sold shares in several separate transactions, cutting his position materially and potentially signaling reduced insider conviction. Black Diamond Group Limited insider sales report
• Neutral Sentiment: The shares were sold near C$19.30-C$19.51, suggesting the insider was transacting around current market levels rather than at a steep discount. Black Diamond Group Limited insider sales report
• Neutral Sentiment: Black Diamond Group has recently been trading near its 52-week high, so today’s weakness may also reflect profit-taking after a strong run. Black Diamond Group Limited stock performance

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.