Tudor Investment Corp ET AL bought a new position in Mobile Mini, Inc. (NASDAQ:MINI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,568 shares of the industrial products company’s stock, valued at approximately $353,000.
Other institutional investors have also modified their holdings of the company. State Street Corp boosted its position in Mobile Mini by 12.7% in the first quarter. State Street Corp now owns 1,085,842 shares of the industrial products company’s stock worth $33,116,000 after buying an additional 122,409 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Mobile Mini by 15.4% in the first quarter. Bank of America Corp DE now owns 330,816 shares of the industrial products company’s stock valued at $10,090,000 after buying an additional 44,165 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Mobile Mini during the first quarter valued at about $3,632,000. Schwab Charles Investment Management Inc. boosted its position in shares of Mobile Mini by 11.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 236,230 shares of the industrial products company’s stock valued at $7,206,000 after buying an additional 23,705 shares in the last quarter. Finally, KCG Holdings Inc. boosted its position in shares of Mobile Mini by 12.7% in the first quarter. KCG Holdings Inc. now owns 9,951 shares of the industrial products company’s stock valued at $304,000 after buying an additional 1,123 shares in the last quarter.
Shares of Mobile Mini, Inc. (NASDAQ MINI) traded up 0.66% on Friday, reaching $30.35. 90,251 shares of the company were exchanged. The firm’s 50 day moving average price is $29.70 and its 200 day moving average price is $30.06. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 26.37 and a beta of 2.26. Mobile Mini, Inc. has a 52 week low of $23.40 and a 52 week high of $37.05.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $126.70 million for the quarter, compared to analysts’ expectations of $126.03 million. Mobile Mini had a return on equity of 7.52% and a net margin of 10.03%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS. Equities research analysts anticipate that Mobile Mini, Inc. will post $1.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be issued a $0.227 dividend. This represents a $0.91 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Monday, August 14th. Mobile Mini’s dividend payout ratio (DPR) is 78.45%.
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Several brokerages recently issued reports on MINI. Zacks Investment Research cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub lowered shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $35.00.
In other Mobile Mini news, CFO Mark Funk sold 16,339 shares of Mobile Mini stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $30.42, for a total value of $497,032.38. Following the completion of the sale, the chief financial officer now owns 170,291 shares in the company, valued at approximately $5,180,252.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 68,416 shares of company stock valued at $2,075,609 in the last 90 days. 6.50% of the stock is owned by company insiders.
Mobile Mini Company Profile
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.
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