Insider Buying: Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director Purchases C$36,084.40 in Stock

Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director Robert George Blackadar bought 1,000 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were bought at an average cost of C$36.08 per share, with a total value of C$36,084.40.

Badger Infrastructure Solutions Stock Up 7.4 %

BDGI opened at C$39.16 on Thursday. Badger Infrastructure Solutions Ltd. has a 1-year low of C$34.85 and a 1-year high of C$51.50. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25. The stock has a market capitalization of C$1.35 billion, a price-to-earnings ratio of 23.88 and a beta of 1.14. The business has a 50 day moving average of C$38.18 and a 200-day moving average of C$39.77.

Badger Infrastructure Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.18 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.84%. Badger Infrastructure Solutions’s payout ratio is 43.90%.

Analyst Ratings Changes

A number of brokerages have issued reports on BDGI. BMO Capital Markets decreased their target price on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus decreased their target price on Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a research report on Friday, November 1st. CIBC reduced their price objective on Badger Infrastructure Solutions from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Raymond James reduced their price objective on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Badger Infrastructure Solutions currently has an average rating of “Moderate Buy” and a consensus target price of C$49.21.

About Badger Infrastructure Solutions

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.