Insider Buying: Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director Buys 285 Shares of Stock

Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director George Allen Williams acquired 285 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average price of C$40.04 per share, with a total value of C$11,410.79.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI traded down C$0.06 during trading hours on Thursday, reaching C$40.43. 3,700 shares of the company traded hands, compared to its average volume of 108,699. The stock’s fifty day moving average is C$39.23 and its 200 day moving average is C$38.31. The stock has a market cap of C$965.77 million, a P/E ratio of 23.40 and a beta of 1.14. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. Badger Infrastructure Solutions Ltd. has a 1-year low of C$34.85 and a 1-year high of C$51.50.

Badger Infrastructure Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.78%. Badger Infrastructure Solutions’s payout ratio is currently 41.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BDGI shares. Stifel Nicolaus upped their price objective on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Raymond James boosted their target price on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, CIBC boosted their target price on shares of Badger Infrastructure Solutions from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$51.50.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd is North America’s provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank.