Wynnefield Capital Inc buys $5,213,580 stake in Black Diamond Inc (BDE)

Black Diamond Inc (BDE) : Wynnefield Capital Inc scooped up 231,200 additional shares in Black Diamond Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,121,200 shares of Black Diamond Inc which is valued at $5,213,580.Black Diamond Inc makes up approximately 1.73% of Wynnefield Capital Inc’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp boosted its stake in BDE in the latest quarter, The investment management firm added 2,843 additional shares and now holds a total of 17,543 shares of Black Diamond Inc which is valued at $81,575.Geode Capital Management reduced its stake in BDE by selling 18,244 shares or 11.14% in the most recent quarter. The Hedge Fund company now holds 145,487 shares of BDE which is valued at $676,515. Tiaa Cref Investment Management sold out all of its stake in BDE during the most recent quarter. The investment firm sold 75,829 shares of BDE which is valued $352,605.Cwm reduced its stake in BDE by selling 13,663 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 928,082 shares of BDE which is valued at $3,925,787. Black Diamond Inc makes up approx 0.27% of Cwm’s portfolio.

Black Diamond Inc opened for trading at $4.8 and hit $5 on the upside on Wednesday, eventually ending the session at $4.9, with a gain of 1.87% or 0.09 points. The heightened volatility saw the trading volume jump to 90,555 shares. Company has a market cap of $147 M.

On the company’s financial health, Black Diamond Inc reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $-0.06. The company had revenue of $29.10 million for the quarter, compared to analysts expectations of $28.32 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on Black Diamond Inc. Company shares were Upgraded by DA Davidson on Aug 8, 2016 to ” Buy”, Firm has raised the Price Target to $ 6 from a previous price target of $4.50 .

Black Diamond Inc. is engaged in the designing manufacturing and marketing active outdoor performance equipment and apparel for climbing mountaineering backpacking skiing cycling and a range of other year-round outdoor recreation activities. The Company offers a range of products including: performance apparel (such as jackets shells pants and bibs) rock-climbing equipment (such as carabiners protection devices harnesses belay devices helmets and ice-climbing gear); technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns and gloves and mittens. It also offers design helmets body armor and goggles for skiing mountain and road cycling as well as eyewear skis ski poles ski bindings ski boots ski skins and ski safety products including avalanche transceivers shovels and probes. The company’s principal brands include Black Diamond POC and PIEPS.

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