Black Diamond Group (TSE:BDI) Insider Sells 255,500 Shares

Key Points

• Insider selling: Kernwood Limited sold 255,500 Black Diamond Group shares on July 10 at an average price of C$19.05, generating about C$4.87 million. The sale reduced its ownership by 3.74%, though it still holds 6,584,800 shares.
• Recent cluster of sales: Kernwood also sold shares on several prior trading days that week, including a large sale of 192,000 shares on July 8 and 56,000 shares on July 9. Taken together, the trades show a notable pattern of insider selling.
• Stock and financial snapshot: Black Diamond Group shares traded around C$18.98, near their 52-week high of C$20.14, with trading volume well above average. The company recently reported quarterly EPS of C$0.04 on revenue of C$129.98 million.

Black Diamond Group Limited (TSE:BDI - Get Free Report) insider Kernwood Limited sold 255,500 shares of Black Diamond Group stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of C$19.05, for a total transaction of C$4,867,275.00. Following the sale, the insider directly owned 6,584,800 shares in the company, valued at C$125,440,440. This trade represents a 3.74% decrease in their ownership of the stock.

Kernwood Limited also recently made the following trade(s):

• On Tuesday, July 7th, Kernwood Limited sold 200 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.02, for a total value of C$3,804.00.
• On Tuesday, July 7th, Kernwood Limited sold 7,700 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.01, for a total value of C$146,377.00.
• On Tuesday, July 7th, Kernwood Limited sold 400 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.00, for a total value of C$7,600.00.
• On Wednesday, July 8th, Kernwood Limited sold 192,000 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.18, for a total value of C$3,682,560.00.
• On Thursday, July 9th, Kernwood Limited sold 56,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.09, for a total value of C$1,069,040.00.

Black Diamond Group Trading Up 0.1%

BDI traded up C$0.01 during midday trading on Friday, hitting C$18.98. 456,279 shares of the company were exchanged, compared to its average volume of 164,621. The firm has a market capitalization of C$1.30 billion, a P/E ratio of 38.73 and a beta of 1.08. Black Diamond Group Limited has a 1-year low of C$10.41 and a 1-year high of C$20.14. The firm's 50 day moving average price is C$18.41 and its 200-day moving average price is C$17.06. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57.

Black Diamond Group (TSE:BDI - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share (EPS) for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. The firm had revenue of C$129.98 million during the quarter. As a group, equities analysts forecast that Black Diamond Group Limited will post 0.5349233 EPS for the current fiscal year.

About Black Diamond Group

Black Diamond is an industrial services and asset management company with two operating business units - Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond operates in Canada, the United States and Australia. MSS, through its principal brands - BOXX Modular, CLM and Schiavi - owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors.

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