Black Diamond Group (TSE:BDI) Insider Sells C$3,682,560.00 in Stock

Key Points

• Kernwood Limited, an insider of Black Diamond Group, sold 192,000 shares on July 8 for about C$3.68 million at an average price of C$19.18, reducing its stake by 2.71%.
• The insider continued selling in multiple transactions over several days, including a large sale of 255,500 shares on July 10 for about C$4.87 million.
• Black Diamond Group stock recently traded at C$18.98, near its 52-week high of C$20.14, with the company reporting C$0.04 EPS on quarterly revenue of C$129.98 million.

Black Diamond Group Limited (TSE:BDI - Get Free Report) insider Kernwood Limited sold 192,000 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of C$19.18, for a total transaction of C$3,682,560.00. Following the completion of the transaction, the insider owned 6,896,300 shares in the company, valued at approximately C$132,271,034. This trade represents a 2.71% decrease in their position.

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 transaction 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 transaction 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 transaction of C$7,600.00.
• 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 transaction of C$1,069,040.00.
• On Friday, July 10th, Kernwood Limited sold 255,500 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.05, for a total transaction of C$4,867,275.00.

Black Diamond Group Stock Performance

Shares of Black Diamond Group stock traded up C$0.01 during trading on Friday, hitting C$18.98. 456,279 shares of the company's stock were exchanged, compared to its average volume of 164,621. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45. The business has a 50-day simple moving average of C$18.41 and a 200-day simple moving average of C$17.06. Black Diamond Group Limited has a 52-week low of C$10.41 and a 52-week high of C$20.14. The stock has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 38.73 and a beta of 1.08.

Black Diamond Group (TSE:BDI - Get Free Report) last posted its quarterly 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 for the quarter. On average, research analysts forecast that Black Diamond Group Limited will post 0.5349233 EPS for the current 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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