Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Director Sells 10,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of C$7.10, for a total transaction of C$71,000.00.

Kenneth Michael Dedeluk also recently made the following trade(s):

• On Tuesday, June 3rd, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$6.85, for a total transaction of C$34,250.00.
• On Wednesday, May 28th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$7.00, for a total transaction of C$35,000.00.
• On Monday, March 31st, Kenneth Michael Dedeluk sold 7,100 shares of Computer Modelling Group stock. The shares were sold at an average price of C$8.00, for a total transaction of C$56,800.00.

Computer Modelling Group Stock Performance

Shares of TSE:CMG traded up C$0.02 during trading on Friday, hitting C$6.98. 195,727 shares of the stock traded hands, compared to its average volume of 190,789. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The company has a market cap of C$563.18 million, a price-to-earnings ratio of 23.02, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a fifty day moving average price of C$7.54 and a two-hundred day moving average price of C$8.90. Computer Modelling Group Ltd. has a 52-week low of C$6.58 and a 52-week high of C$14.73.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Thursday, June 5th. Computer Modelling Group's dividend payout ratio (DPR) is 65.95%.

Analyst Ratings Changes

A number of research firms have issued reports on CMG. Raymond James reduced their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Ventum Cap Mkts lowered shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Ventum Financial reduced their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. CIBC reduced their price target on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Finally, Cibc World Mkts lowered shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$13.14.

About Computer Modelling Group

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.