Badger Infrastructure Solutions Ltd. Announces Quarterly Dividend of $0.18 (TSE:BDGI)

Badger Infrastructure Solutions Ltd. (TSE:BDGI) declared a quarterly dividend on Friday, September 27th, TickerTech reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.18 per share on Tuesday, October 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Friday, September 27th.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI stock opened at C$37.32 on Thursday. Badger Infrastructure Solutions has a 52 week low of C$32.25 and a 52 week high of C$51.50. The firm has a 50 day moving average of C$37.04 and a two-hundred day moving average of C$41.69. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 97.25. The stock has a market capitalization of C$1.29 billion, a PE ratio of 22.62 and a beta of 1.14.

Insider Activity at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Senior Officer Pradeep Atluri bought 2,000 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of C$35.45 per share, for a total transaction of C$70,902.00. In other Badger Infrastructure Solutions news, Senior Officer Pradeep Atluri bought 2,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of C$35.45 per share, for a total transaction of C$70,902.00. Also, Senior Officer Julie Lee purchased 751 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of C$35.51 per share, for a total transaction of C$26,667.71. Insiders bought a total of 4,242 shares of company stock valued at $137,096 in the last three months. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BDGI has been the subject of several recent research reports. BMO Capital Markets decreased their price objective on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a research note on Friday, August 2nd. Raymond James lowered their price target on shares of 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. Stifel Nicolaus dropped their price objective on shares of Badger Infrastructure Solutions from C$56.60 to C$55.50 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. CIBC decreased their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Finally, Canaccord Genuity Group dropped their target price on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Two 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 a consensus rating of “Moderate Buy” and an average 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.