Badger Infrastructure Solutions (TSE:BDGI) Director Buys C$53,994.00 in Stock

Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director Stephen James Jones acquired 600 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of C$89.99 per share, with a total value of C$53,994.00. Following the transaction, the director directly owned 6,300 shares in the company, valued at C$566,937. This trade represents a 10.53% increase in their position.

Stephen James Jones also recently made the following trade(s):

• On Friday, August 14th, Stephen James Jones bought 200 shares of Badger Infrastructure Solutions stock. The stock was purchased at an average cost of C$88.58 per share, for a total transaction of C$17,716.00.

Badger Infrastructure Solutions Stock Down 0.9%

TSE:BDGI opened at C$85.96 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.34 and a debt-to-equity ratio of 105.14. The stock’s fifty day moving average is C$91.00 and its two-hundred day moving average is C$78.73. Badger Infrastructure Solutions Ltd. has a 52 week low of C$53.38 and a 52 week high of C$99.46. The stock has a market capitalization of C$2.89 billion, a price-to-earnings ratio of 47.76 and a beta of 0.78.

Badger Infrastructure Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Badger Infrastructure Solutions’s payout ratio is currently 30.49%.

Analysts Set New Price Targets

A number of equities analysts recently commented on BDGI shares. Stifel Nicolaus raised their target price on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a report on Monday, May 4th. Raymond James Financial increased their price target on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce raised their price objective on shares of Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 8th. National Bank Financial lifted their price objective on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Finally, Canaccord Genuity Group upped their target price on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$94.75.

About Badger Infrastructure Solutions

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. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.