Insider Buying: Black Diamond Group (TSE:BDI) Director Acquires 2,000 Shares of Stock

Black Diamond Group Limited (TSE:BDIGet Free Report) Director Daryle Jonathan William Warren purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average price of C$16.50 per share, with a total value of C$33,000.00. Following the purchase, the director owned 359,928 shares in the company, valued at C$5,938,812. This trade represents a 0.56% increase in their ownership of the stock.

Daryle Jonathan William Warren also recently made the following trade(s):

  • On Wednesday, May 6th, Daryle Jonathan William Warren purchased 1,000 shares of Black Diamond Group stock. The shares were acquired at an average price of C$17.12 per share, with a total value of C$17,120.00.

Black Diamond Group Stock Performance

TSE:BDI traded down C$0.47 during trading hours on Monday, reaching C$16.93. 216,584 shares of the company’s stock were exchanged, compared to its average volume of 158,507. Black Diamond Group Limited has a 1-year low of C$9.19 and a 1-year high of C$18.75. The firm has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 34.55 and a beta of 1.12. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57. The company has a 50-day moving average of C$16.59 and a 200 day moving average of C$15.67.

Black Diamond Group (TSE:BDIGet Free Report) last released its earnings results on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. The company had revenue of C$129.98 million during the quarter. Research analysts anticipate that Black Diamond Group Limited will post 0.5349233 EPS for the current year.

Analysts Set New Price Targets

BDI has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on shares of Black Diamond Group from C$18.00 to C$20.00 in a research note on Friday, January 16th. Canaccord Genuity Group raised their target price on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, Raymond James Financial cut shares of Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and raised their target price for the stock from C$18.00 to C$20.00 in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Black Diamond Group presently has an average rating of “Buy” and an average price target of C$19.25.

Read Our Latest Research Report on BDI

About Black Diamond Group

(Get Free Report)

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.

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