Badger Infrastructure Solutions (TSE:BDGI) Director Stephen James Jones Purchases 200 Shares of Stock

Key Points

• Insider buying: Director Stephen James Jones purchased 200 shares at C$88.58 each for C$17,716, increasing his holdings to 5,700 shares. He also recently bought an additional 600 shares for C$53,994.
• Stock and dividend: BDGI traded at C$88.91, with a C$2.99 billion market capitalization and a 52-week range of C$53.38–C$99.46. The company pays a quarterly dividend of C$0.195, equating to an annualized yield of 0.9%.
• Analyst sentiment: Seven analysts rate the stock a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of C$94.75.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) Director Stephen James Jones acquired 200 shares of the stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of C$88.58 per share, for a total transaction of C$17,716.00. Following the completion of the transaction, the director owned 5,700 shares in the company, valued at approximately C$504,906. This represents a 3.64% increase in their ownership of the stock.

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

• On Monday, August 17th, Stephen James Jones acquired 600 shares of Badger Infrastructure Solutions stock. The shares were bought at an average price of C$89.99 per share, with a total value of C$53,994.00.

Badger Infrastructure Solutions Stock Performance

Badger Infrastructure Solutions stock traded up C$1.61 during midday trading on Monday, hitting C$88.91. The stock had a trading volume of 33,663 shares, compared to its average volume of 166,491. Badger Infrastructure Solutions Ltd. has a 52-week low of C$53.38 and a 52-week high of C$99.46. The company has a market capitalization of C$2.99 billion, a PE ratio of 49.39 and a beta of 0.78. The firm's fifty day moving average is C$91.31 and its two-hundred day moving average is C$78.53. The company has a current ratio of 1.34, a quick ratio of 1.49 and a debt-to-equity ratio of 105.14.

Badger Infrastructure Solutions Announces Dividend

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

Analyst Ratings Changes

BDGI has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their target price on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the company a "buy" rating in a research note on Friday, June 26th. National Bank Financial increased their price target on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an "outperform" rating in a research note on Monday, July 13th. Stifel Nicolaus boosted their price objective on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce upped their price objective on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an "outperformer" rating in a research note on Wednesday, July 8th. Finally, Raymond James Financial increased their target price on 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. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Badger Infrastructure Solutions currently has an average rating of "Moderate Buy" and an average price target 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.

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