Computer Modelling Group Ltd. (TSE:CMG) Director Sells C$140,000.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 20,000 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of C$7.00, for a total value of C$140,000.00.

Kenneth Michael Dedeluk also recently made the following trade(s):

• On Thursday, June 12th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$7.00, for a total value of C$35,000.00.
• On Tuesday, June 10th, Kenneth Michael Dedeluk sold 6,800 shares of Computer Modelling Group stock. The stock was sold at an average price of C$7.05, for a total transaction of C$47,940.00.
• On Thursday, June 5th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$7.10, for a total transaction of C$71,000.00.
• On Tuesday, June 3rd, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$6.85, for a total transaction of C$34,250.00.
• On Wednesday, May 28th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$7.00, for a total value of C$35,000.00.
• On Monday, March 31st, Kenneth Michael Dedeluk sold 7,100 shares of Computer Modelling Group stock. The stock was sold at an average price of C$8.00, for a total value of C$56,800.00.

Computer Modelling Group Stock Down 1.0%

Shares of CMG traded down C$0.07 during mid-day trading on Monday, hitting C$7.24. 85,604 shares of the company’s stock were exchanged, compared to its average volume of 186,316. The stock has a market cap of C$584.16 million, a price-to-earnings ratio of 23.87, a P/E/G ratio of 1.97 and a beta of 1.21. The firm has a fifty day moving average of C$7.48 and a two-hundred day moving average of C$8.63. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. Computer Modelling Group Ltd. has a twelve month low of C$6.58 and a twelve month high of C$14.73.

Computer Modelling Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were given a $0.05 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.76%. Computer Modelling Group’s dividend payout ratio is currently 65.95%.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Computer Modelling Group has an average rating of “Hold” and a consensus price target of C$13.14.

About Computer Modelling Group

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.