Insider Buying: Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director Acquires C$11,410.79 in Stock

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

Badger Infrastructure Solutions Price Performance

Badger Infrastructure Solutions stock opened at C$39.68 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. Badger Infrastructure Solutions Ltd. has a 52-week low of C$34.85 and a 52-week high of C$51.50. The firm has a market cap of C$947.85 million, a PE ratio of 22.97 and a beta of 1.14. The company’s 50 day moving average is C$39.36 and its two-hundred day moving average is C$38.37.

Badger Infrastructure Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued 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 1.81%. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is presently 41.68%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BDGI shares. CIBC increased their price objective 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. Raymond James raised their price target on 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, Stifel Nicolaus boosted their price objective on Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$51.25.

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.