Badger Infrastructure Solutions Ltd. (TSE:BDGI) Declares Quarterly Dividend of $0.18

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) declared a quarterly dividend on Friday, September 27th, TickerTech reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.18 per share on Tuesday, October 15th. This represents a $0.72 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, September 27th.

Badger Infrastructure Solutions Price Performance

TSE:BDGI traded down C$0.81 during mid-day trading on Wednesday, hitting C$37.32. 43,719 shares of the company's stock traded hands, compared to its average volume of 71,705. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65. The firm's 50 day simple moving average is C$37.05 and its 200 day simple moving average is C$41.74. Badger Infrastructure Solutions has a 1 year low of C$32.25 and a 1 year high of C$51.50. The company has a market cap of C$1.29 billion, a PE ratio of 22.71 and a beta of 1.14.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BDGI shares. Canaccord Genuity Group decreased their price target on shares of Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a "buy" rating on the stock in a research note on Tuesday, July 9th. BMO Capital Markets decreased their target price on shares of 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. Stifel Nicolaus decreased their target price on shares of 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. CIBC decreased their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 6th. Finally, Raymond James decreased their target price on shares of 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Badger Infrastructure Solutions presently has an average rating of "Moderate Buy" and a consensus price target of C$50.00.

Insider Buying and Selling

In related news, Senior Officer Julie Lee purchased 751 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of C$35.51 per share, for a total transaction of C$26,667.71. In other Badger Infrastructure Solutions news, Senior Officer Julie Lee acquired 751 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of C$35.51 per share, with a total value of C$26,667.71. Also, Senior Officer Pradeep Atluri acquired 2,000 shares of the firm's stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of C$35.45 per share, with a total value of C$70,902.00. Over the last quarter, insiders purchased 4,242 shares of company stock worth $137,096. Insiders own 0.38% of the company's stock.

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.