Computer Modelling Group Ltd. (CMG) Director Buys C$18,150.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk purchased 3,000 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were purchased at an average price of C$6.05 per share, for a total transaction of C$18,150.00.

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

  • On Thursday, November 29th, Kenneth Michael Dedeluk purchased 2,000 shares of Computer Modelling Group stock. The shares were purchased at an average price of C$6.52 per share, for a total transaction of C$13,040.00.
  • On Friday, November 16th, Kenneth Michael Dedeluk purchased 3,000 shares of Computer Modelling Group stock. The shares were purchased at an average price of C$6.80 per share, for a total transaction of C$20,400.00.
  • On Monday, November 19th, Kenneth Michael Dedeluk purchased 3,000 shares of Computer Modelling Group stock. The shares were purchased at an average price of C$6.60 per share, for a total transaction of C$19,800.00.

Shares of CMG stock traded up C$0.17 during trading hours on Friday, reaching C$6.20. 123,800 shares of the stock traded hands, compared to its average volume of 95,053. Computer Modelling Group Ltd. has a 1-year low of C$5.92 and a 1-year high of C$10.44.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings results on Tuesday, November 13th. The company reported C$0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.06. The firm had revenue of C$17.94 million for the quarter, compared to analyst estimates of C$18.34 million. Equities research analysts anticipate that Computer Modelling Group Ltd. will post 0.209999987477065 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, December 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Wednesday, December 5th. Computer Modelling Group’s payout ratio is presently 117.19%.

A number of research firms have recently issued reports on CMG. Canaccord Genuity cut their price target on shares of Computer Modelling Group from C$9.50 to C$8.00 in a report on Wednesday, November 14th. Industrial Alliance Securities upgraded shares of Computer Modelling Group from a “hold” rating to a “buy” rating and cut their price target for the company from C$10.50 to C$10.00 in a report on Friday, August 10th. Royal Bank of Canada cut their price target on shares of Computer Modelling Group from C$8.00 to C$7.00 and set an “underperform” rating on the stock in a report on Friday, August 10th. Finally, BMO Capital Markets cut their price target on shares of Computer Modelling Group from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a report on Thursday, November 15th.

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About Computer Modelling Group

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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