Badger Infrastructure Solutions Ltd. (TSE:BDGI) Senior Officer Pradeep Atluri Acquires 2,000 Shares

Badger Infrastructure Solutions Ltd. (TSE:BDGI) Senior Officer Pradeep Atluri acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of C$35.45 per share, for a total transaction of C$70,902.00.

Pradeep Atluri also recently made the following trade(s):

• On Wednesday, August 21st, Pradeep Atluri bought 100 shares of Badger Infrastructure Solutions stock. The shares were bought at an average price of C$26.50 per share, with a total value of C$2,650.00.

Badger Infrastructure Solutions Stock Down 2.0 %

Shares of BDGI stock traded down C$0.74 on Friday, reaching C$35.79. 125,446 shares of the stock were exchanged, compared to its average volume of 71,546. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25. The business’s 50 day moving average price is C$37.50 and its 200 day moving average price is C$42.47. The company has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 22.41 and a beta of 1.14. Badger Infrastructure Solutions Ltd. has a twelve month low of C$32.25 and a twelve month high of C$51.50.

Badger Infrastructure Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were given a $0.18 dividend. The ex-dividend date was Friday, June 28th. This is a boost from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.01%. Badger Infrastructure Solutions’s payout ratio is 44.17%.

Analysts Set New Price Targets

BDGI has been the subject of several analyst reports. CIBC decreased their price objective on Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. BMO Capital Markets cut their price target on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating on the stock in a research report on Friday, August 2nd. Raymond James cut their price target on Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Stifel Nicolaus dropped their target price on Badger Infrastructure Solutions from C$56.60 to C$55.50 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Finally, Canaccord Genuity Group dropped their target price on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.00.

Badger Infrastructure Solutions Company Profile

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; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.