Emerald Acquisition Ltd. acquired a new position in Mobile Mini Inc. (NASDAQ:MINI) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 32,147 shares of the company’s stock, valued at approximately $1,114,000. Emerald Acquisition Ltd. owned approximately 0.07% of Mobile Mini at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of MINI. M&T Bank Corp raised its position in shares of Mobile Mini by 1.1% in the first quarter. M&T Bank Corp now owns 6,895 shares of the company’s stock valued at $228,000 after buying an additional 78 shares during the period. Concert Wealth Management Inc. increased its stake in shares of Mobile Mini by 2.2% in the second quarter. Concert Wealth Management Inc. now owns 6,293 shares of the company’s stock worth $219,000 after buying an additional 137 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of Mobile Mini by 0.4% in the second quarter. Wedbush Securities Inc. now owns 51,034 shares of the company’s stock worth $1,768,000 after buying an additional 180 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Mobile Mini by 1.8% in the second quarter. Capstone Asset Management Co. now owns 13,180 shares of the company’s stock worth $457,000 after buying an additional 230 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of Mobile Mini by 4.3% in the first quarter. Aperio Group LLC now owns 14,135 shares of the company’s stock worth $467,000 after buying an additional 579 shares in the last quarter.
Shares of Mobile Mini Inc. (NASDAQ:MINI) traded down 2.71% during trading on Friday, hitting $29.79. 117,910 shares of the stock traded hands. Mobile Mini Inc. has a 52 week low of $24.13 and a 52 week high of $38.13. The company has a 50-day moving average of $29.75 and a 200-day moving average of $32.41. The firm has a market cap of $1.31 billion, a P/E ratio of 35.05 and a beta of 2.12.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $124.84 million for the quarter, compared to the consensus estimate of $128.81 million. Mobile Mini had a return on equity of 7.62% and a net margin of 7.45%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. On average, analysts forecast that Mobile Mini Inc. will post $1.32 EPS for the current fiscal year.
A number of brokerages recently weighed in on MINI. Zacks Investment Research upgraded shares of Mobile Mini from a “strong sell” rating to a “hold” rating in a report on Thursday, September 29th. TheStreet downgraded shares of Mobile Mini from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Mobile Mini has an average rating of “Hold” and a consensus target price of $38.33.
In related news, Director Jeffrey S. Goble sold 8,338 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $32.47, for a total value of $270,734.86. Following the sale, the director now directly owns 20,117 shares in the company, valued at $653,198.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.40% of the company’s stock.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It 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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