Badger Infrastructure Solutions Ltd. (TSE:BDGI) Senior Officer Buys C$70,902.00 in Stock

Badger Infrastructure Solutions Ltd. (TSE:BDGI) Senior Officer Pradeep Atluri acquired 2,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of C$35.45 per share, for a total transaction of C$70,902.00.

Pradeep Atluri also recently made the following trade(s):

• On Wednesday, August 21st, Pradeep Atluri bought 100 shares of Badger Infrastructure Solutions stock. The shares were bought at an average cost of C$26.50 per share, with a total value of C$2,650.00.

Badger Infrastructure Solutions Price Performance

Shares of BDGI stock opened at C$35.64 on Friday. The firm’s 50-day moving average is C$37.39 and its two-hundred day moving average is C$42.40. Badger Infrastructure Solutions Ltd. has a 12 month low of C$32.25 and a 12 month high of C$51.50. 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 company has a market capitalization of C$1.23 billion, a PE ratio of 21.87 and a beta of 1.14.

Badger Infrastructure Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.02%. Badger Infrastructure Solutions’s dividend payout ratio is currently 44.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. CIBC reduced their target price on Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Raymond James lowered their target price on shares of Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an “outperform” rating on the stock in a research note 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 for the company in a research report on Tuesday, July 9th. 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 on the stock in a research report on Tuesday, August 6th. Finally, BMO Capital Markets cut their price objective on shares of Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.