WBI’s Lock-Up Period To Expire Tomorrow (NYSE:WBI)

WBI’s (NYSE:WBI) lock-up period will end on Monday, March 16th. WBI had issued 31,700,000 shares in its IPO on September 17th. The total size of the offering was $634,000,000 based on an initial share price of $20.00. After the expiration of WBI’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analysts Set New Price Targets

WBI has been the topic of several research reports. Weiss Ratings started coverage on WBI in a research report on Wednesday, January 14th. They issued a “sell (e-)” rating on the stock. Wells Fargo & Company upped their price target on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $26.00.

WBI Price Performance

NYSE:WBI opened at $25.32 on Friday. The stock has a market cap of $3.13 billion and a price-to-earnings ratio of -1,266.10. The business has a fifty day moving average of $23.97. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.36 and a quick ratio of 3.36. WBI has a one year low of $18.64 and a one year high of $27.57.

WBI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, March 5th. WBI’s dividend payout ratio is currently -1,000.00%.

About WBI

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