Black Diamond Group (TSE:BDI) Insider Sells C$5,391,372.00 in Stock

Key Points

• Kernwood Limited sold 259,700 Black Diamond Group shares at an average C$20.76, generating C$5.39 million; its remaining stake fell 3.99% to 6.24 million shares.
• The sale adds to a series of insider disposals, including more than 500,000 shares sold in July and additional sales in late September.
• Black Diamond shares rose C$0.73 to C$20.93, near their 52-week high of C$21.10. The company recently reported quarterly revenue of C$129.18 million and EPS of C$0.09.

Black Diamond Group Limited (TSE:BDI - Get Free Report) insider Kernwood Limited sold 259,700 shares of the company's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of C$20.76, for a total value of C$5,391,372.00. Following the transaction, the insider directly owned 6,242,200 shares in the company, valued at C$129,588,072. This represents a 3.99% decrease in their ownership of the stock.

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

• On Wednesday, September 30th, Kernwood Limited sold 8,300 shares of Black Diamond Group stock. The stock was sold at an average price of C$20.36, for a total value of C$168,988.00.
• On Wednesday, September 30th, Kernwood Limited sold 1,700 shares of Black Diamond Group stock. The stock was sold at an average price of C$20.35, for a total value of C$34,595.00.
• On Wednesday, September 30th, Kernwood Limited sold 5,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$20.30, for a total value of C$101,500.00.
• On Tuesday, July 7th, Kernwood Limited sold 200 shares of Black Diamond Group stock. The shares were 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 stock was sold at an average price of C$19.00, for a total transaction of C$7,600.00.
• On Wednesday, July 8th, Kernwood Limited sold 192,000 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.18, for a total transaction of C$3,682,560.00.
• On Thursday, July 9th, Kernwood Limited sold 56,000 shares of Black Diamond Group stock. The shares were 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 TSE:BDI traded up C$0.73 on Friday, hitting C$20.93. 571,092 shares of the company were exchanged, compared to its average volume of 196,415. Black Diamond Group Limited has a 1-year low of C$13.47 and a 1-year high of C$21.10. The stock's 50 day moving average price is C$18.21 and its 200 day moving average price is C$17.98. The company has a current ratio of 1.57, a quick ratio of 1.05 and a debt-to-equity ratio of 100.26. The firm has a market capitalization of C$1.43 billion, a P/E ratio of 59.80 and a beta of 1.06.

Black Diamond Group (TSE:BDI - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported C$0.09 earnings per share (EPS) for the quarter. The firm had revenue of C$129.18 million for the quarter. Black Diamond Group had a return on equity of 5.89% and a net margin of 4.60%. Sell-side analysts predict that Black Diamond Group Limited will post 0.5349233 EPS for the current year.

Black Diamond Group Company Profile

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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