Insider Buying: Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director Purchases 800 Shares of Stock

Badger Infrastructure Solutions Ltd. (TSE:BDGI) Director Mary Jordan acquired 800 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of C$39.32 per share, for a total transaction of C$31,456.00.

Badger Infrastructure Solutions Price Performance

TSE BDGI opened at C$39.73 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The company has a fifty day simple moving average of C$39.01 and a 200 day simple moving average of C$38.25. The company has a market cap of C$949.05 million, a P/E ratio of 23.00 and a beta of 1.14. Badger Infrastructure Solutions Ltd. has a 1 year low of C$34.85 and a 1 year high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, December 31st. Badger Infrastructure Solutions’s dividend payout ratio is currently 41.68%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BDGI shares. Raymond James upped their price objective on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. CIBC upped their price objective on shares of Badger Infrastructure Solutions from C$55.00 to C$59.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Stifel Nicolaus boosted their target price on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$51.50.

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.