Black Diamond Group Limited (TSE:BDI) Announces Quarterly Dividend of $0.04

Black Diamond Group Limited (TSE:BDI - Get Free Report) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.035 per share on Wednesday, January 15th. This represents a $0.14 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, December 31st. This is an increase from Black Diamond Group's previous quarterly dividend of $0.03.

Black Diamond Group Price Performance

BDI traded down C$0.09 during midday trading on Friday, reaching C$8.96. 238,817 shares of the company's stock were exchanged, compared to its average volume of 59,647. The company has a debt-to-equity ratio of 84.84, a current ratio of 1.18 and a quick ratio of 1.05. The business's 50-day moving average price is C$9.57 and its 200 day moving average price is C$8.86. Black Diamond Group has a 1-year low of C$6.18 and a 1-year high of C$10.27. The stock has a market capitalization of C$536.79 million, a PE ratio of 18.67 and a beta of 1.54.

Black Diamond Group (TSE:BDI - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.12 earnings per share for the quarter, topping analysts' consensus estimates of C$0.11 by C$0.01. The company had revenue of C$95.50 million for the quarter, compared to analyst estimates of C$93.70 million. Black Diamond Group had a return on equity of 10.86% and a net margin of 7.78%. As a group, equities analysts anticipate that Black Diamond Group will post 0.5349233 EPS for the current fiscal year.

Insider Activity at Black Diamond Group

In other news, Director Steve Stein sold 4,100 shares of the company's stock in a transaction on Friday, August 16th. The shares were sold at an average price of C$10.06, for a total value of C$41,246.00. In other Black Diamond Group news, Senior Officer Edward John Redmond sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$9.97, for a total transaction of C$199,400.00. Also, Director Steve Stein sold 4,100 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$10.06, for a total value of C$41,246.00. In the last ninety days, insiders have sold 123,000 shares of company stock worth $1,215,370. 23.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Black Diamond Group from C$11.00 to C$12.00 in a report on Friday, August 2nd. Raymond James boosted their price objective on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the stock a "strong-buy" rating in a research note on Monday, August 26th.

Black Diamond Group Company Profile

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.