Insider Buying: Mobility Global (NYSE:MBGL) Director Buys $195,000.00 in Stock

Mobility Global, Inc. (NYSE:MBGL) Director Mark Peek bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $19.50 per share, with a total value of $195,000.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at $195,000. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mobility Global Trading Up 2.5%

NYSE:MBGL opened at $20.33 on Friday. The firm has a market cap of $6.02 billion and a P/E ratio of 112.93. Mobility Global, Inc. has a 1-year low of $17.67 and a 1-year high of $26.00.

Mobility Global (NYSE:MBGL) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $468.00 million during the quarter. Equities research analysts predict that Mobility Global, Inc. will post 1.45 EPS for the current year.

Mobility Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 27th.

Analyst Ratings Changes

Several analysts recently commented on MBGL shares. Wells Fargo & Company decreased their price target on shares of Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Zacks Research upgraded shares of Mobility Global to a “hold” rating in a research report on Thursday, July 30th. Royal Bank Of Canada started coverage on shares of Mobility Global in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 target price for the company. Citigroup started coverage on shares of Mobility Global in a report on Tuesday, August 11th. They set a “neutral” rating and a $23.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Mobility Global to a “hold” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mobility Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.80.

Institutional Investors Weigh In On Mobility Global

A hedge fund recently bought a new position in Mobility Global stock. Advisors Preferred LLC purchased a new stake in Mobility Global, Inc. (NYSE:MBGL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,800 shares of the company’s stock, valued at approximately $36,000.

About Mobility Global

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.