Fenimore Asset Management Inc Makes New Investment in Mobility Global, Inc. $MBGL

Fenimore Asset Management Inc acquired a new position in shares of Mobility Global, Inc. (NYSE:MBGL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 608,454 shares of the company’s stock, valued at approximately $10,435,000.

A number of other large investors have also recently made changes to their positions in MBGL. Tidal Investments LLC bought a new stake in shares of Mobility Global during the second quarter worth about $11,253,000. Applied Capital LLC FL bought a new position in Mobility Global in the 3rd quarter valued at about $1,009,000. YHB Investment Advisors Inc. bought a new position in Mobility Global in the 3rd quarter valued at about $343,000. Citadel Advisors LLC acquired a new position in Mobility Global during the 2nd quarter valued at about $279,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in Mobility Global during the 3rd quarter valued at about $99,000.

Insiders Place Their Bets

In other Mobility Global news, Director Mark Peek acquired 25,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were acquired at an average price of $19.50 per share, with a total value of $487,500.00. Following the completion of the transaction, the director owned 35,000 shares in the company, valued at approximately $682,500. This trade represents a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired a total of 50,000 shares of company stock valued at $980,550 over the last 90 days.

Mobility Global Stock Up 4.4%

MBGL stock traded up $0.76 during trading on Thursday, reaching $18.13. The stock had a trading volume of 4,324,261 shares, compared to its average volume of 6,783,688. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market cap of $5.37 billion and a P/E ratio of 100.71. Mobility Global, Inc. has a one year low of $16.95 and a one year high of $26.00. The stock has a 50 day moving average price of $19.62.

Mobility Global (NYSE:MBGL) last announced its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $468.00 million during the quarter. As a group, research analysts predict that Mobility Global, Inc. will post 1.56 earnings per share for the current fiscal year.

Mobility Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, August 27th. Mobility Global’s dividend payout ratio (DPR) is 133.33%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America assumed coverage on Mobility Global in a research note on Friday, August 21st. They issued a “neutral” rating and a $23.00 price objective for the company. Evercore initiated coverage on Mobility Global in a research report on Wednesday, September 9th. They set an “in-line” rating and a $22.00 target price on the stock. Weiss Ratings lowered Mobility Global from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Citigroup initiated coverage on Mobility Global in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 price target for the company. Finally, Wall Street Zen upgraded Mobility Global to a “hold” rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.56.

Mobility Global Company 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.