Michael Lenard Ridley Sells 2,900 Shares of Black Diamond Group Limited (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Senior Officer Michael Lenard Ridley sold 2,900 shares of Black Diamond Group stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$9.46, for a total transaction of C$27,434.00.

Michael Lenard Ridley also recently made the following trade(s):

• On Friday, December 20th, Michael Lenard Ridley sold 9,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.42, for a total value of C$84,780.00.
• On Wednesday, December 18th, Michael Lenard Ridley sold 15,400 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.40, for a total value of C$144,760.00.
• On Monday, December 16th, Michael Lenard Ridley sold 9,320 shares of Black Diamond Group stock. The stock was sold at an average price of C$9.39, for a total value of C$87,479.38.
• On Friday, December 13th, Michael Lenard Ridley sold 9,329 shares of Black Diamond Group stock. The shares were sold at an average price of C$9.37, for a total value of C$87,412.73.

Black Diamond Group Stock Performance

Shares of BDI stock opened at C$9.35 on Wednesday. Black Diamond Group Limited has a fifty-two week low of C$7.40 and a fifty-two week high of C$10.27. The stock’s 50-day moving average is C$9.09 and its two-hundred day moving average is C$9.14. The company has a debt-to-equity ratio of 84.84, a current ratio of 1.18 and a quick ratio of 1.05. The firm has a market cap of C$560.16 million, a P/E ratio of 19.48 and a beta of 1.54.

Black Diamond Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.14 dividend on an annualized basis and a yield of 1.50%. This is an increase from Black Diamond Group’s previous quarterly dividend of $0.03. Black Diamond Group’s dividend payout ratio is currently 25.00%.

Analyst Upgrades and Downgrades

Separately, Cormark raised shares of Black Diamond Group to a “moderate buy” rating in a research report on Wednesday, December 18th.

About Black Diamond Group

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.