Lapides Asset Management LLC maintained its stake in shares of Mobile Mini, Inc. (NASDAQ:MINI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,500 shares of the industrial products company’s stock at the end of the second quarter. Lapides Asset Management LLC owned about 0.43% of Mobile Mini worth $5,627,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Mobile Mini by 97,640.1% in the first quarter. BlackRock Inc. now owns 5,421,642 shares of the industrial products company’s stock worth $165,361,000 after buying an additional 5,416,095 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Mobile Mini during the first quarter worth $18,801,000. SG Capital Management LLC acquired a new position in shares of Mobile Mini during the second quarter worth $9,900,000. Vanguard Group Inc. increased its position in shares of Mobile Mini by 8.1% in the first quarter. Vanguard Group Inc. now owns 4,082,912 shares of the industrial products company’s stock worth $124,529,000 after buying an additional 304,886 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Mobile Mini by 1,171.2% in the first quarter. Russell Investments Group Ltd. now owns 273,894 shares of the industrial products company’s stock worth $8,354,000 after buying an additional 252,348 shares in the last quarter.
Shares of Mobile Mini, Inc. (MINI) opened at 28.95 on Friday. The company’s 50 day moving average is $30.29 and its 200 day moving average is $30.14. The company has a market cap of $1.27 billion, a P/E ratio of 25.15 and a beta of 2.26. Mobile Mini, Inc. has a 12 month low of $23.40 and a 12 month 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 the consensus estimate of $0.26 by $0.02. The firm had revenue of $126.70 million for the quarter, compared to the consensus estimate 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 was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. On average, equities research analysts predict that Mobile Mini, Inc. will post $1.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.227 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.91 annualized dividend and a dividend yield of 3.14%. Mobile Mini’s dividend payout ratio (DPR) is presently 78.45%.
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A number of equities analysts have weighed in on MINI shares. Zacks Investment Research downgraded shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. BidaskClub raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Mobile Mini has a consensus rating of “Hold” and a consensus target price of $35.00.
In other Mobile Mini news, Director Lawrence Trachtenberg sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $31.59, for a total transaction of $315,900.00. Following the transaction, the director now owns 38,181 shares in the company, valued at approximately $1,206,137.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Funk sold 36,080 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $30.34, for a total transaction of $1,094,667.20. Following the transaction, the insider now owns 170,291 shares in the company, valued at approximately $5,166,628.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,065 shares of company stock valued at $4,832,212. 6.50% of the stock is currently 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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