Badger Infrastructure Solutions (TSE:BDGI) Director Buys 600 Shares

Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director Stephen James Jones acquired 600 shares of Badger Infrastructure Solutions stock in a transaction dated Monday, August 17th. The stock was purchased at an average cost of C$89.99 per share, for a total transaction of C$53,994.00. Following the completion of the purchase, the director owned 6,300 shares in the company, valued at approximately C$566,937. The trade was a 10.53% increase in their position.

Stephen James Jones also recently made the following trade(s):

• On Friday, August 14th, Stephen James Jones acquired 200 shares of Badger Infrastructure Solutions stock. The shares were purchased at an average price of C$88.58 per share, with a total value of C$17,716.00.

Badger Infrastructure Solutions Trading Up 1.8%

TSE BDGI traded up C$1.61 during mid-day trading on Monday, reaching C$88.91. 33,663 shares of the stock were exchanged, compared to its average volume of 166,491. The stock has a market cap of C$2.99 billion, a P/E ratio of 49.39 and a beta of 0.78. The company has a debt-to-equity ratio of 105.14, a current ratio of 1.34 and a quick ratio of 1.49. Badger Infrastructure Solutions Ltd. has a one year low of C$53.38 and a one year high of C$99.46. The stock has a 50 day simple moving average of C$91.31 and a 200-day simple moving average of C$78.53.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a $0.195 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is 30.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Stifel Nicolaus upped their target price on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce lifted their target price on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 8th. Raymond James Financial boosted their price target on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Canaccord Genuity Group raised their price objective on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, National Bank Financial lifted their price objective on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$94.75.

About Badger Infrastructure Solutions

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. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.