Investment Counselors of Maryland LLC decreased its position in shares of Black Diamond Inc. (NASDAQ:BDE) by 43.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 224,602 shares of the company’s stock after selling 173,436 shares during the period. Investment Counselors of Maryland LLC’s holdings in Black Diamond were worth $1,154,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of BDE. Boston Partners bought a new stake in Black Diamond during the second quarter worth about $901,000. Lyon Street Capital LLC bought a new position in shares of Black Diamond during the second quarter valued at about $631,000. Paloma Partners Management Co bought a new position in shares of Black Diamond during the second quarter valued at about $319,000. Laurion Capital Management LP bought a new position in shares of Black Diamond during the second quarter valued at about $268,000. Finally, Alambic Investment Management L.P. bought a new position in shares of Black Diamond during the second quarter valued at about $152,000. Institutional investors own 42.14% of the company’s stock.
Shares of Black Diamond Inc. (NASDAQ:BDE) traded up 0.82% on Friday, hitting $6.15. The company had a trading volume of 45,653 shares. Black Diamond Inc. has a 12 month low of $3.85 and a 12 month high of $6.35. The company has a 50-day moving average of $5.38 and a 200 day moving average of $4.70.
Black Diamond (NASDAQ:BDE) last posted its earnings results on Monday, October 31st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. Black Diamond had a negative net margin of 18.77% and a negative return on equity of 1.89%. The firm earned $39.40 million during the quarter, compared to analysts’ expectations of $37.60 million. During the same quarter in the prior year, the firm earned $0.08 EPS. Black Diamond’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts expect that Black Diamond Inc. will post ($0.03) earnings per share for the current year.
Several brokerages recently issued reports on BDE. DA Davidson restated a “buy” rating on shares of Black Diamond in a research report on Monday, November 14th. TheStreet upgraded Black Diamond from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Zacks Investment Research downgraded Black Diamond from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Black Diamond presently has a consensus rating of “Hold” and an average price target of $5.63.
Black Diamond Company Profile
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.