CWM LLC decreased its position in Black Diamond, Inc. (NASDAQ:BDE) by 69.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,475 shares of the company’s stock after selling 228,059 shares during the period. CWM LLC’s holdings in Black Diamond were worth $681,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System acquired a new position in shares of Black Diamond during the first quarter worth approximately $105,000. Stifel Financial Corp acquired a new position in shares of Black Diamond during the first quarter worth approximately $112,000. Marquette Asset Management Inc. acquired a new position in shares of Black Diamond during the first quarter worth approximately $125,000. Segantii Capital Management Ltd increased its position in shares of Black Diamond by 567.4% in the first quarter. Segantii Capital Management Ltd now owns 28,700 shares of the company’s stock worth $156,000 after buying an additional 24,400 shares in the last quarter. Finally, Searle & CO. acquired a new position in shares of Black Diamond during the fourth quarter worth approximately $300,000. 44.38% of the stock is currently owned by institutional investors.
Black Diamond, Inc. (BDE) traded up 0.76% during midday trading on Friday, reaching $6.65. 225,449 shares of the company were exchanged. The firm’s 50-day moving average is $6.73 and its 200-day moving average is $5.95. Black Diamond, Inc. has a one year low of $4.41 and a one year high of $7.15.
Black Diamond (NASDAQ:BDE) last released its earnings results on Monday, August 7th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.08. The company had revenue of $30.70 million for the quarter, compared to analyst estimates of $30.63 million. Black Diamond had a negative net margin of 4.51% and a negative return on equity of 0.72%. Black Diamond’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) earnings per share. Equities research analysts anticipate that Black Diamond, Inc. will post $0.07 earnings per share for the current year.
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BDE has been the topic of a number of research reports. Stifel Nicolaus raised shares of Black Diamond from a “hold” rating to a “buy” rating and raised their target price for the company from $6.00 to $8.00 in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Black Diamond from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a research note on Tuesday, July 25th. Finally, Roth Capital set a $7.00 target price on shares of Black Diamond and gave the company a “hold” rating in a research note on Tuesday, August 8th. One equities research 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’s stock. The company has an average rating of “Hold” and a consensus price target of $7.42.
About Black Diamond
Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. Its principal brands include Black Diamond and PIEPS.
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