Insider Buying: Badger Infrastructure Solutions Ltd. (TSE:BDGI) Senior Officer Buys 751 Shares of Stock

Badger Infrastructure Solutions Ltd. (TSE:BDGI) Senior Officer Julie Lee acquired 751 shares of the stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of C$35.51 per share, with a total value of C$26,667.71.

Badger Infrastructure Solutions Trading Down 1.6 %

Shares of Badger Infrastructure Solutions stock traded down C$0.59 during trading on Thursday, hitting C$36.14. 45,001 shares of the company were exchanged, compared to its average volume of 72,393. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49. The firm has a market capitalization of C$1.25 billion, a P/E ratio of 22.40 and a beta of 1.14. The firm’s fifty day moving average price is C$37.15 and its 200 day moving average price is C$42.18. Badger Infrastructure Solutions Ltd. has a 1-year low of C$32.25 and a 1-year high of C$51.50.

Badger Infrastructure Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, June 28th. This represents a $0.72 dividend on an annualized basis and a yield of 1.99%. This is a boost from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. Badger Infrastructure Solutions’s payout ratio is currently 43.90%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BDGI shares. BMO Capital Markets decreased their price target on shares of Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. CIBC decreased their price target on Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Raymond James dropped their price objective on Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Canaccord Genuity Group reduced their target price on shares of Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, Stifel Nicolaus lowered their price target on shares of Badger Infrastructure Solutions from C$56.60 to C$55.50 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$50.00.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.