Eric Shahinian Acquires 12,300 Shares of Dye & Durham Limited (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) Director Eric Shahinian bought 12,300 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was acquired at an average cost of C$17.35 per share, with a total value of C$213,433.29.

Dye & Durham Stock Performance

Shares of DND opened at C$17.58 on Thursday. The stock has a market capitalization of C$1.18 billion, a price-to-earnings ratio of -6.00 and a beta of 2.09. The firm has a fifty day simple moving average of C$18.90 and a 200 day simple moving average of C$15.50. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18. Dye & Durham Limited has a 12 month low of C$10.92 and a 12 month high of C$22.59.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. The company had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. Research analysts forecast that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.019 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Thursday, November 14th. Dye & Durham’s payout ratio is presently -2.73%.

Wall Street Analysts Forecast Growth

DND has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group increased their price objective on shares of Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. CIBC boosted their price objective on shares of Dye & Durham from C$22.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group lowered their target price on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a report on Wednesday, December 18th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$24.71.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.