Insider Buying: Computer Modelling Group Ltd. (TSE:CMG) Director Buys 2,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of C$8.06 per share, with a total value of C$16,117.24.

Alexander Davern also recently made the following trade(s):

• On Monday, March 24th, Alexander Davern acquired 3,000 shares of Computer Modelling Group stock. The shares were acquired at an average price of C$7.86 per share, with a total value of C$23,586.42.
• On Friday, March 21st, Alexander Davern acquired 3,000 shares of Computer Modelling Group stock. The stock was acquired at an average price of C$7.92 per share, for a total transaction of C$23,758.02.
• On Wednesday, March 19th, Alexander Davern bought 3,000 shares of Computer Modelling Group stock. The shares were acquired at an average price of C$7.68 per share, with a total value of C$23,047.17.

Computer Modelling Group Price Performance

Computer Modelling Group stock traded down C$0.04 during trading on Wednesday, reaching C$8.02. The company had a trading volume of 75,303 shares, compared to its average volume of 216,134. The firm has a market capitalization of C$647.09 million, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The firm’s 50-day simple moving average is C$9.00 and its 200 day simple moving average is C$10.43. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. Computer Modelling Group Ltd. has a 1-year low of C$7.04 and a 1-year high of C$14.73.

Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.49%. Computer Modelling Group’s dividend payout ratio is currently 65.95%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CMG shares. Cibc World Mkts downgraded Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. CIBC dropped their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. BMO Capital Markets decreased their price target on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Raymond James dropped their price objective on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, Ventum Financial cut their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Computer Modelling Group has an average rating of “Moderate Buy” and an average target price of C$13.13.

Computer Modelling Group Company Profile

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