Insider Selling: Black Diamond Group (TSE:BDI) Director Sells 3,700 Shares of Stock

Black Diamond Group Limited (TSE:BDI) Director Elizabeth Kernaghan sold 3,700 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of C$16.10, for a total value of C$59,570.00. Following the completion of the sale, the director owned 752,400 shares of the company’s stock, valued at approximately C$12,113,640. This represents a 0.49% decrease in their ownership of the stock.

Elizabeth Kernaghan also recently made the following trade(s):

• On Tuesday, March 17th, Elizabeth Kernaghan sold 200 shares of Black Diamond Group stock. The stock was sold at an average price of C$16.11, for a total value of C$3,222.00.

Black Diamond Group Stock Down 0.1%

TSE:BDI traded down C$0.02 on Thursday, hitting C$15.51. The stock had a trading volume of 92,498 shares, compared to its average volume of 135,689. The business’s fifty day moving average is C$16.53 and its 200 day moving average is C$14.86. The company has a market cap of C$1.05 billion, a PE ratio of 28.72 and a beta of 1.13. The company has a quick ratio of 1.05, a current ratio of 1.42 and a debt-to-equity ratio of 101.87. Black Diamond Group Limited has a 52 week low of C$7.60 and a 52 week high of C$18.75.

Analyst Ratings Changes

BDI has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Black Diamond Group from C$18.00 to C$20.00 in a report on Friday, January 16th. Canaccord Genuity Group upped 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 report on Tuesday, March 3rd. Finally, Raymond James Financial lowered shares of Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and raised their price objective for the company from C$18.00 to C$20.00 in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average 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.