Plantro Ltd. Purchases 850,000 Shares of Dye & Durham Limited (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. purchased 850,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were acquired at an average price of C$8.74 per share, with a total value of C$7,427,640.00.

Dye & Durham Stock Up 4.3 %

DND stock opened at C$10.14 on Friday. Dye & Durham Limited has a one year low of C$7.46 and a one year high of C$23.14. The stock has a market capitalization of C$557.70 million, a PE ratio of -3.57 and a beta of 1.29. The company has a debt-to-equity ratio of 315.72, a quick ratio of 1.98 and a current ratio of 0.84. The company has a fifty day moving average of C$13.81 and a 200-day moving average of C$16.14.

Dye & Durham (TSE:DND) last released its earnings results on Wednesday, September 13th. The company reported C$0.23 EPS for the quarter. Dye & Durham had a negative net margin of 38.30% and a negative return on equity of 29.85%. The company had revenue of C$120.19 million during the quarter, compared to analysts’ expectations of C$124.80 million. As a group, analysts expect that Dye & Durham Limited will post 0.102976 EPS for the current year.

Dye & Durham Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be issued a dividend of $0.019 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.08 annualized dividend and a yield of 0.75%. Dye & Durham’s dividend payout ratio (DPR) is currently -2.82%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DND shares. BMO Capital Markets decreased their price target on shares of Dye & Durham from C$25.00 to C$18.00 in a research note on Tuesday, October 31st. Scotiabank decreased their price target on shares of Dye & Durham from C$30.00 to C$25.00 and set an “outperform” rating for the company in a research note on Monday, October 23rd. CIBC decreased their price target on shares of Dye & Durham from C$26.00 to C$25.00 in a research note on Tuesday, October 31st. Cormark decreased their price target on shares of Dye & Durham from C$29.00 to C$25.00 in a research note on Monday, October 23rd. Finally, Raymond James decreased their price target on shares of Dye & Durham from C$25.00 to C$15.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st.

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.