Stock Traders Buy High Volume of WBI Call Options (NYSE:WBI)

WBI (NYSE:WBI) was the target of some unusual options trading activity on Friday. Stock traders purchased 7,622 call options on the company. This represents an increase of approximately 5,588% compared to the average volume of 134 call options.

WBI Stock Performance

Shares of WBI stock traded up $2.03 during trading on Friday, hitting $32.53. 3,864,660 shares of the company were exchanged, compared to its average volume of 552,553. The business’s 50-day moving average is $28.65. WBI has a twelve month low of $18.64 and a twelve month high of $36.21. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30.

WBI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. WBI’s dividend payout ratio (DPR) is 80.00%.

Analysts Set New Price Targets

A number of research firms recently commented on WBI. Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded WBI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. UBS Group set a $33.00 target price on WBI in a research report on Monday, March 16th. Wells Fargo & Company lifted their price target on WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Finally, Morgan Stanley upped their price target on WBI from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.20.

WBI Company Profile

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.