Key Points
- Kernwood Limited sold 259,700 Black Diamond Group shares at an average C$20.76, generating C$5.39 million and reducing its position by 3.99% to 6.24 million shares.
- The insider has made several additional sales this year, including 15,000 shares on September 30 and more than 500,000 shares in July, but retains a substantial stake valued at approximately C$129.6 million.
- Black Diamond reported quarterly revenue of C$129.18 million and earnings of C$0.09 per share; its stock opened at C$20.93, near its 52-week high of C$21.10, while analysts expect about C$0.535 in full-year EPS.
Black Diamond Group Limited (TSE:BDI - Get Free Report) insider Kernwood Limited sold 259,700 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of C$20.76, for a total transaction of C$5,391,372.00. Following the completion of the sale, the insider owned 6,242,200 shares of the company's stock, valued at approximately C$129,588,072. This represents a 3.99% decrease in their position.
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 shares were 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 value of C$3,804.00.
- On Tuesday, July 7th, Kernwood Limited sold 7,700 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.01, for a total value 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 value of C$7,600.00.
- On Wednesday, July 8th, Kernwood Limited sold 192,000 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.18, for a total value 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 value 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 value of C$4,867,275.00.
Black Diamond Group Stock Performance
Shares of BDI stock opened at C$20.93 on Friday. The company has a debt-to-equity ratio of 100.26, a quick ratio of 1.05 and a current ratio of 1.57. Black Diamond Group Limited has a 52 week low of C$13.47 and a 52 week high of C$21.10. The company's 50 day moving average price is C$18.21 and its two-hundred day moving average price is C$17.98. The company 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 quarterly earnings results on Thursday, July 30th. The company reported C$0.09 earnings per share for the quarter. Black Diamond Group had a net margin of 4.60% and a return on equity of 5.89%. The company had revenue of C$129.18 million during the quarter. On average, analysts expect that Black Diamond Group Limited will post 0.5349233 earnings per share for the current fiscal year.
Key Stories Impacting Black Diamond Group
Here are the key news stories impacting Black Diamond Group this week:
- Negative Sentiment: Kernaghan/Kernwood sold 259,700 shares on October 2 at an average price of C$20.76, generating approximately C$5.39 million in proceeds. The sale reduced their reported ownership by 3.99% to 6.24 million shares, still valued at roughly C$129.6 million.
- Negative Sentiment: Additional sales on September 30 totaled 15,000 shares for approximately C$305,000 at prices between C$20.30 and C$20.36. These transactions reduced the insider’s position by less than 0.25% and were also reported under both Kernaghan and Kernwood.
- Neutral Sentiment: Despite the insider selling, the remaining ownership is substantial, so the transactions may reflect portfolio diversification or liquidity needs rather than a complete loss of confidence in Black Diamond Group.
Black Diamond Group Company Profile
(
Get Free Report)
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.
See Also
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