Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director Buys C$295,000.00 in Stock

Badger Infrastructure Solutions Ltd. (TSE:BDGIGet Rating) Director Glen Dawson Roane acquired 10,000 shares of the stock in a transaction on Thursday, November 24th. The shares were acquired at an average price of C$29.50 per share, with a total value of C$295,000.00. Following the transaction, the director now directly owns 113,400 shares of the company’s stock, valued at C$3,345,300.

Badger Infrastructure Solutions Trading Down 1.7 %

BDGI traded down C$0.52 on Thursday, reaching C$29.27. 55,319 shares of the company traded hands, compared to its average volume of 54,201. Badger Infrastructure Solutions Ltd. has a one year low of C$22.54 and a one year high of C$33.63. The firm has a fifty day simple moving average of C$29.73 and a two-hundred day simple moving average of C$29.90. The company has a market cap of C$1.01 billion and a P/E ratio of 82.75. The company has a quick ratio of 1.49, a current ratio of 1.92 and a debt-to-equity ratio of 77.85.

Badger Infrastructure Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 15th. Investors of record on Saturday, October 15th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.66 dividend on an annualized basis and a yield of 2.25%. Badger Infrastructure Solutions’s payout ratio is 140.45%.

Analyst Ratings Changes

Several research firms have commented on BDGI. CIBC increased their price objective on shares of Badger Infrastructure Solutions from C$31.50 to C$32.00 and gave the company a “neutral” rating in a research report on Friday, August 12th. Canaccord Genuity Group raised their target price on shares of Badger Infrastructure Solutions from C$37.00 to C$40.00 in a report on Monday, November 7th. Scotiabank lowered their target price on shares of Badger Infrastructure Solutions from C$38.50 to C$35.00 in a report on Monday, November 7th. Stifel Nicolaus raised their target price on shares of Badger Infrastructure Solutions from C$35.00 to C$40.00 in a report on Friday, August 12th. Finally, TD Securities raised their target price on shares of Badger Infrastructure Solutions from C$33.00 to C$34.00 and gave the stock a “hold” rating in a report on Friday, August 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$36.03.

Badger Infrastructure Solutions Company Profile

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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; slot trenching services; and service repair pits for gas service tie-in, electric cable fault repair, water main and service repair, and telecom splice applications.

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