Dye & Durham Limited (TSE:DND) Insider Plantro Ltd. Sells 1,000,000 Shares

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$19.15, for a total transaction of C$19,150,000.00.

Dye & Durham Trading Down 1.4 %

DND traded down C$0.25 on Tuesday, reaching C$17.51. 35,041 shares of the company’s stock were exchanged, compared to its average volume of 153,155. Dye & Durham Limited has a twelve month low of C$10.92 and a twelve month high of C$22.59. The company’s 50 day moving average is C$18.75 and its 200-day moving average is C$15.31. The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00. The company has a market cap of C$1.17 billion, a price-to-earnings ratio of -5.98 and a beta of 2.09.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. The business had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. Equities analysts predict that Dye & Durham Limited will post 0.1121051 earnings per share for the current year.

Dye & Durham Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a $0.019 dividend. This represents a $0.08 annualized dividend and a yield of 0.43%. The ex-dividend date was Thursday, November 14th. Dye & Durham’s dividend payout ratio (DPR) is presently -2.73%.

Analyst Ratings Changes

DND has been the subject of a number of analyst reports. Canaccord Genuity Group cut their price objective on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research report on Wednesday, December 18th. CIBC increased their price target on Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. BMO Capital Markets lifted their price objective on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group increased their target price on Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$24.71.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.