Black Diamond Group (OTCMKTS:BDIMF) Issues Quarterly Earnings Results

Key Points

• Quarterly earnings missed: Black Diamond reported Q EPS of $0.03, missing the consensus $0.07 by $0.04, while delivering a net margin of 7.65% and a return on equity of 9.79%.
• Stock and valuation snapshot: Shares were flat at $12.95 with a market cap of $896.8M and a P/E of 34.08, trading within a 52-week range of $5.83–$13.18 and 50/200-day moving averages of $12.02/$11.24.
• Company profile: Black Diamond is a cloud-based wealth-management SaaS provider offering portfolio accounting, performance reporting, rebalancing, trading and a client portal for RIAs, family offices and other asset managers.

Black Diamond Group (OTCMKTS:BDIMF - Get Free Report) announced its earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04), Zacks reports. Black Diamond Group had a net margin of 7.65% and a return on equity of 9.79%.

Black Diamond Group Price Performance

Shares of Black Diamond Group stock remained flat at $12.95 on Thursday. The firm's 50-day moving average price is $12.02 and its 200 day moving average price is $11.24. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.88. Black Diamond Group has a fifty-two week low of $5.83 and a fifty-two week high of $13.18. The company has a market capitalization of $896.76 million, a P/E ratio of 34.08 and a beta of 0.67.

Black Diamond Group Company Profile

Black Diamond Group Limited, trading on the OTC Markets under the symbol BDIMF, is a provider of cloud-based wealth management technology. Its flagship offering, the Black Diamond® Wealth Platform, delivers portfolio accounting, performance reporting, rebalancing, trading and client portal capabilities through a software-as-a-service model. The platform is designed to meet the needs of registered investment advisers, family offices, broker-dealers and institutional asset managers seeking a unified system for portfolio management and client servicing.

The company supports a wide range of account types and investment strategies, incorporating tools for multi-currency accounting, customizable reporting and business intelligence.

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