Dye & Durham Limited (TSE:DND) Insider Plantro Ltd. Sells 1,000,000 Shares of Stock

Dye & Durham Limited (TSE:DND - Get Free Report) insider Plantro Ltd. sold 1,000,000 shares of Dye & Durham stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$19.15, for a total value of C$19,150,000.00.

Dye & Durham Stock Down 1.4 %

Shares of DND stock traded down C$0.25 during trading hours on Tuesday, hitting C$17.51. 35,041 shares of the company were exchanged, compared to its average volume of 153,155. The company has a market capitalization of C$1.17 billion, a PE ratio of -5.98 and a beta of 2.09. Dye & Durham Limited has a 52 week low of C$10.92 and a 52 week high of C$22.59. The business has a 50 day moving average of C$18.78 and a two-hundred day moving average of C$15.32. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18.

Dye & Durham (TSE:DND - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. The firm had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. Analysts anticipate that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

Dye & Durham Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a yield of 0.43%. The ex-dividend date was Thursday, November 14th. Dye & Durham's payout ratio is -2.73%.

Wall Street Analyst Weigh In

A number of analysts have commented on DND shares. BMO Capital Markets lifted their target price on shares of Dye & Durham from C$18.00 to C$23.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. CIBC boosted their target price on Dye & Durham from C$22.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Canaccord Genuity Group cut their target price on shares of Dye & Durham from C$30.00 to C$27.50 and set a "buy" rating on the stock in a report on Wednesday, December 18th. Finally, Canaccord Genuity Group lifted their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$24.71.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.