Insider Buying: Computer Modelling Group Ltd. (TSE:CMG) Director Buys 2,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Director Alexander Davern acquired 2,000 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were bought at an average price of C$8.06 per share, for a total transaction of C$16,117.24.

Alexander Davern also recently made the following trade(s):

• On Monday, March 24th, Alexander Davern bought 3,000 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$7.86 per share, for a total transaction of C$23,586.42.
• On Friday, March 21st, Alexander Davern acquired 3,000 shares of Computer Modelling Group stock. The shares were bought at an average price of C$7.92 per share, with a total value of C$23,758.02.
• On Wednesday, March 19th, Alexander Davern bought 3,000 shares of Computer Modelling Group stock. The stock was purchased at an average price of C$7.68 per share, with a total value of C$23,047.17.

Computer Modelling Group Price Performance

Shares of TSE:CMG traded up C$0.02 during trading on Friday, reaching C$8.00. 177,277 shares of the company's stock traded hands, compared to its average volume of 213,490. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. Computer Modelling Group Ltd. has a fifty-two week low of C$7.04 and a fifty-two week high of C$14.73. The company has a 50-day simple moving average of C$8.86 and a 200-day simple moving average of C$10.33. The firm has a market cap of C$645.48 million, a PE ratio of 26.38, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group's dividend payout ratio (DPR) is presently 65.95%.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of research reports. CIBC cut their price objective on Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Cibc World Mkts cut shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Ventum Financial reduced their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Raymond James lowered their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, BMO Capital Markets reduced their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Computer Modelling Group has an average rating of "Moderate Buy" and a consensus target price of C$13.13.

Computer Modelling Group Company Profile

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.