Yousif Capital Management LLC Acquires New Shares in Mobility Global, Inc. $MBGL

Yousif Capital Management LLC bought a new position in Mobility Global, Inc. (NYSE:MBGL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 79,193 shares of the company’s stock, valued at approximately $1,358,000.

Several other hedge funds have also recently modified their holdings of the stock. Ninety One UK Ltd bought a new position in shares of Mobility Global during the third quarter worth $15,245,000. Fenimore Asset Management Inc purchased a new position in Mobility Global during the third quarter valued at $10,435,000. Tidal Investments LLC purchased a new position in Mobility Global during the second quarter valued at $11,253,000. Douglas Lane & Associates LLC purchased a new position in Mobility Global during the third quarter valued at $2,139,000. Finally, Ninety One North America Inc. bought a new stake in Mobility Global in the 3rd quarter valued at $1,117,000.

Insider Transactions at Mobility Global

In other Mobility Global news, Director Mark Peek bought 15,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average cost of $19.87 per share, for a total transaction of $298,050.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at $993,500. This represents a 42.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired a total of 50,000 shares of company stock worth $980,550 over the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MBGL. Wolfe Research upgraded shares of Mobility Global to a “strong-buy” rating in a research note on Monday, July 20th. Zacks Research raised shares of Mobility Global to a “hold” rating in a report on Thursday, July 30th. Weiss Ratings upgraded Mobility Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 22nd. Wall Street Zen upgraded Mobility Global to a “hold” rating in a research report on Saturday, July 18th. Finally, Citigroup assumed coverage on Mobility Global in a report on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.20.

Mobility Global Stock Up 0.3%

NYSE:MBGL opened at $18.97 on Friday. Mobility Global, Inc. has a 1 year low of $16.95 and a 1 year high of $26.00. The business has a 50 day moving average price of $19.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

Mobility Global (NYSE:MBGL) last posted its earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The firm had revenue of $468.00 million for the quarter. Analysts expect that Mobility Global, Inc. will post 1.52 EPS for the current year.

Mobility Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, November 30th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. Mobility Global’s dividend payout ratio is presently 133.33%.

Mobility Global Profile

Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.