Insider Buying: Computer Modelling Group Ltd. (CMG) Director Acquires 2,000 Shares of Stock
Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk bought 2,000 shares of the stock in a transaction on Thursday, November 29th. The shares were acquired at an average cost of C$6.52 per share, with a total value of C$13,040.00.
Kenneth Michael Dedeluk also recently made the following trade(s):
- On Friday, November 16th, Kenneth Michael Dedeluk acquired 3,000 shares of Computer Modelling Group stock. The stock was purchased at an average cost of C$6.80 per share, with a total value of C$20,400.00.
- On Monday, November 19th, Kenneth Michael Dedeluk acquired 3,000 shares of Computer Modelling Group stock. The stock was purchased at an average cost of C$6.60 per share, with a total value of C$19,800.00.
TSE:CMG traded down C$0.22 on Thursday, reaching C$6.05. 50,639 shares of the stock traded hands, compared to its average volume of 93,695. Computer Modelling Group Ltd. has a 1-year low of C$6.01 and a 1-year high of C$10.44.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, December 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date of this dividend is Wednesday, December 5th. Computer Modelling Group’s dividend payout ratio is presently 117.19%.
Several research analysts have recently issued reports on the company. Industrial Alliance Securities raised Computer Modelling Group from a “hold” rating to a “buy” rating and lowered their price objective for the company from C$10.50 to C$10.00 in a research note on Friday, August 10th. BMO Capital Markets lowered their price objective on Computer Modelling Group from C$13.00 to C$11.00 and set an “outperform” rating for the company in a research note on Thursday, November 15th. Canaccord Genuity lowered their price objective on Computer Modelling Group from C$9.50 to C$8.00 in a research note on Wednesday, November 14th. Finally, Royal Bank of Canada lowered their price objective on Computer Modelling Group from C$8.00 to C$7.00 and set an “underperform” rating for the company in a research note on Friday, August 10th.
Computer Modelling Group Company Profile
Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.
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