Computer Modelling Group Ltd. (TSE:CMG) Director Sells C$36,500.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of C$7.30, for a total value of C$36,500.00. Following the transaction, the director now directly owns 1,055,000 shares in the company, valued at approximately C$7,701,500.

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

  • On Thursday, June 27th, Kenneth Michael Dedeluk sold 2,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$7.30, for a total value of C$14,600.00.
  • On Wednesday, June 19th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$7.40, for a total value of C$37,016.00.

Shares of TSE:CMG traded down C$0.10 during midday trading on Friday, reaching C$6.97. 64,700 shares of the company traded hands, compared to its average volume of 166,530. Computer Modelling Group Ltd. has a 12 month low of C$5.25 and a 12 month high of C$10.34. The company has a market capitalization of $584.05 million and a price-to-earnings ratio of 25.25. The business’s fifty day moving average price is C$7.22.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data on Wednesday, May 22nd. The company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.03. The company had revenue of C$21.14 million for the quarter, compared to the consensus estimate of C$16.80 million. As a group, equities research analysts forecast that Computer Modelling Group Ltd. will post 0.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 5.74%. Computer Modelling Group’s dividend payout ratio is currently 144.93%.

Several research firms have weighed in on CMG. Industrial Alliance Securities cut Computer Modelling Group from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$7.50 to C$7.75 in a research report on Friday, June 7th. Canaccord Genuity reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, May 23rd. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Computer Modelling Group has a consensus rating of “Hold” and an average price target of C$7.81.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining 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 oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.

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