Insider Selling: WBI (NYSE:WBI) Major Shareholder Sells $177,139,521.30 in Stock

WBI (NYSE:WBI) major shareholder Wbr Holdings Llc sold 5,894,826 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total value of $177,139,521.30. Following the sale, the insider owned 1,980,921 shares in the company, valued at $59,526,676.05. The trade was a 74.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

WBI Price Performance

Shares of WBI stock traded down $3.15 during trading on Monday, hitting $30.04. The stock had a trading volume of 4,436,400 shares, compared to its average volume of 1,530,086. WBI has a 12 month low of $18.64 and a 12 month high of $36.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The company has a fifty day simple moving average of $29.35.

WBI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 4th. WBI’s dividend payout ratio is 80.00%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WBI. Barclays lifted their price objective on shares of WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. UBS Group set a $33.00 price target on WBI in a report on Monday, March 16th. Wells Fargo & Company lifted their target price on WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Finally, The Goldman Sachs Group boosted their target price on shares of WBI from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, WBI currently has a consensus rating of “Moderate Buy” and an average price target of $33.20.

About WBI

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