Insider Buying: Badger Infrastructure Solutions Ltd. (TSE:BDGI) Senior Officer Acquires 500 Shares of Stock

Badger Infrastructure Solutions Ltd. (TSE:BDGI) Senior Officer Pramod Bhatia purchased 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of C$26.11 per share, with a total value of C$13,055.00.

Pramod Bhatia also recently made the following trade(s):

• On Friday, August 9th, Pramod Bhatia acquired 500 shares of Badger Infrastructure Solutions stock. The stock was acquired at an average price of C$26.91 per share, for a total transaction of C$13,455.00.
• On Wednesday, August 7th, Pramod Bhatia bought 200 shares of Badger Infrastructure Solutions stock. The shares were acquired at an average price of C$26.21 per share, with a total value of C$5,242.00.

Badger Infrastructure Solutions Stock Performance

Shares of TSE BDGI traded down C$0.31 during midday trading on Wednesday, hitting C$36.05. 64,701 shares of the company’s stock traded hands, compared to its average volume of 65,419. The firm has a fifty day moving average of C$39.27 and a 200 day moving average of C$43.60. Badger Infrastructure Solutions Ltd. has a 1 year low of C$32.25 and a 1 year high of C$51.50. The company has a debt-to-equity ratio of 100.32, a quick ratio of 1.49 and a current ratio of 1.72. The stock has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 22.58 and a beta of 1.18.

Badger Infrastructure Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were issued a dividend of $0.18 per share. 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 2.00%. The ex-dividend date of this dividend was Friday, June 28th. Badger Infrastructure Solutions’s dividend payout ratio is currently 44.72%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BDGI. Scotiabank reduced their price target on Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a “sector perform” rating for the company in a report on Monday, May 6th. Stifel Nicolaus decreased their price target on Badger Infrastructure Solutions from C$56.60 to C$55.50 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Canaccord Genuity Group dropped their price objective on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. CIBC reduced their price objective 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. Finally, BMO Capital Markets lowered their target price on shares of Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Badger Infrastructure Solutions presently has an average rating of “Moderate Buy” and a consensus price target of C$50.00.

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.