Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Director Sells C$102,500.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of C$10.25, for a total transaction of C$102,500.00.

Kenneth Michael Dedeluk also recently made the following trade(s):

• On Tuesday, April 2nd, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.40, for a total transaction of C$104,000.00.
• On Friday, March 22nd, Kenneth Michael Dedeluk sold 20,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.50, for a total transaction of C$210,000.00.
• On Tuesday, March 19th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.25, for a total transaction of C$102,500.00.
• On Friday, March 15th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.00, for a total transaction of C$100,000.00.
• On Wednesday, January 31st, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.25, for a total transaction of C$102,500.00.

Computer Modelling Group Stock Up 0.9 %

Shares of Computer Modelling Group stock opened at C$10.48 on Friday. The company has a current ratio of 1.76, a quick ratio of 2.25 and a debt-to-equity ratio of 59.81. The company’s fifty day simple moving average is C$9.97 and its two-hundred day simple moving average is C$9.83. The company has a market cap of C$851.29 million, a P/E ratio of 36.14, a PEG ratio of 1.97 and a beta of 1.15. Computer Modelling Group Ltd. has a 12-month low of C$6.21 and a 12-month high of C$10.76.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings data on Wednesday, February 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.08. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The business had revenue of C$33.01 million for the quarter, compared to the consensus estimate of C$31.65 million. Research analysts anticipate that Computer Modelling Group Ltd. will post 0.3501041 EPS for the current year.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, March 6th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 68.97%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CMG shares. Barclays lifted their target price on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 20th. Canaccord Genuity Group lifted their target price on shares of Computer Modelling Group from C$10.50 to C$11.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, National Bankshares set a C$12.50 target price on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$10.83.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.