Investors Buy High Volume of WBI Call Options (NYSE:WBI)

WBI (NYSE:WBI – Get Free Report) saw unusually large options trading on Friday. Investors acquired 7,622 call options on the company. This is an increase of approximately 5,588% compared to the average daily volume of 134 call options.

WBI Stock Up 6.7%

Shares of WBI traded up $2.03 during mid-day trading on Friday, hitting $32.53. The company’s stock had a trading volume of 3,864,660 shares, compared to its average volume of 552,553. WBI has a one year low of $18.64 and a one year high of $36.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average of $28.65.

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WBI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, June 4th. WBI’s dividend payout ratio is presently 80.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group set a $33.00 price objective on WBI in a report on Monday, March 16th. Barclays boosted their target price on WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Wells Fargo & Company upped their target price on WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Wall Street Zen upgraded WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Weiss Ratings raised shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, WBI currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.20.

View Our Latest Stock Analysis on WBI

About WBI

(Get Free Report)

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.

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