Key Points
- Director Alexander Davern bought 40,000 shares of Computer Modelling Group at C$3.88 each, spending C$155,200 and lifting his direct stake to 175,000 shares, a 29.63% increase.
- Davern also made several additional share purchases on June 12, adding tens of thousands more shares in multiple transactions at prices between C$3.69 and C$3.81.
- Computer Modelling Group recently reported C$0.07 EPS and C$33.67 million in quarterly revenue, while analysts currently view the stock as a Moderate Buy with a consensus target price of C$5.75.
Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Director Alexander Davern acquired 40,000 shares of the firm's stock in a transaction on Monday, June 15th. The shares were bought at an average cost of C$3.88 per share, with a total value of C$155,200.00. Following the completion of the acquisition, the director directly owned 175,000 shares in the company, valued at approximately C$679,000. This represents a 29.63% increase in their position.
Alexander Davern also recently made the following trade(s):
- On Friday, June 12th, Alexander Davern acquired 10,000 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.69 per share, with a total value of C$36,900.00.
- On Friday, June 12th, Alexander Davern acquired 20,000 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.76 per share, with a total value of C$75,200.00.
- On Friday, June 12th, Alexander Davern acquired 500 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.78 per share, with a total value of C$1,890.00.
- On Friday, June 12th, Alexander Davern acquired 19,500 shares of Computer Modelling Group stock. The shares were bought at an average cost of C$3.81 per share, with a total value of C$74,295.00.
Computer Modelling Group Stock Performance
Shares of CMG opened at C$3.90 on Wednesday. The company has a debt-to-equity ratio of 55.24, a quick ratio of 2.25 and a current ratio of 1.00. The stock has a 50 day moving average price of C$3.95 and a two-hundred day moving average price of C$4.39. The firm has a market capitalization of C$304.18 million, a P/E ratio of 18.57, a P/E/G ratio of 1.97 and a beta of -0.82. Computer Modelling Group Ltd. has a 52 week low of C$3.55 and a 52 week high of C$8.23.
Computer Modelling Group (TSE:CMG - Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The company reported C$0.07 EPS for the quarter. The firm had revenue of C$33.67 million during the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%. Equities analysts forecast that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal year.
Computer Modelling Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, June 5th. Computer Modelling Group's payout ratio is currently 38.10%.
Wall Street Analysts Forecast Growth
CMG has been the subject of several recent analyst reports. Ventum Financial upped their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a "buy" rating in a report on Thursday, March 26th. National Bank Financial reduced their target price on Computer Modelling Group from C$5.00 to C$4.50 and set a "sector perform" rating for the company in a report on Wednesday, May 27th. Finally, Raymond James Financial reduced their target price on Computer Modelling Group from C$7.00 to C$6.00 and set an "outperform" rating for the company in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$5.75.
Check Out Our Latest Stock Report on CMG
About Computer Modelling Group
(
Get Free Report)
Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.
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