5,000 Shares in Mobile Mini Inc (MINI) Purchased by Renaissance Technologies LLC

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Renaissance Technologies LLC bought a new stake in Mobile Mini Inc (NASDAQ:MINI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,000 shares of the industrial products company’s stock, valued at approximately $219,000.

Several other large investors also recently added to or reduced their stakes in MINI. BlackRock Inc. increased its position in shares of Mobile Mini by 2.7% in the third quarter. BlackRock Inc. now owns 6,466,128 shares of the industrial products company’s stock valued at $283,539,000 after acquiring an additional 168,061 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in Mobile Mini by 24.2% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 458,364 shares of the industrial products company’s stock worth $20,099,000 after buying an additional 89,323 shares during the last quarter. United Services Automobile Association increased its position in Mobile Mini by 12.9% during the third quarter. United Services Automobile Association now owns 293,583 shares of the industrial products company’s stock worth $12,874,000 after buying an additional 33,633 shares during the last quarter. Fisher Asset Management LLC increased its position in Mobile Mini by 4.8% during the third quarter. Fisher Asset Management LLC now owns 596,537 shares of the industrial products company’s stock worth $26,158,000 after buying an additional 27,225 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in Mobile Mini by 362.0% during the third quarter. Citadel Advisors LLC now owns 19,389 shares of the industrial products company’s stock worth $850,000 after buying an additional 26,789 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:MINI opened at $36.44 on Tuesday. Mobile Mini Inc has a 12-month low of $29.46 and a 12-month high of $50.40. The company has a market cap of $1.64 billion, a PE ratio of 22.22, a PEG ratio of 1.31 and a beta of 1.85. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.21 and a quick ratio of 0.19.

Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Friday, February 1st. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). Mobile Mini had a positive return on equity of 8.74% and a negative net margin of 1.36%. The firm had revenue of $160.90 million for the quarter, compared to the consensus estimate of $155.55 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts predict that Mobile Mini Inc will post 2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 27th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Tuesday, February 26th. This is a boost from Mobile Mini’s previous quarterly dividend of $0.25. Mobile Mini’s payout ratio is currently 60.98%.

MINI has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Robert W. Baird downgraded Mobile Mini from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $48.00 to $44.00 in a research report on Monday, October 22nd. TheStreet downgraded Mobile Mini from a “b” rating to a “c” rating in a research report on Friday, February 1st. Finally, ValuEngine downgraded Mobile Mini from a “buy” rating to a “hold” rating in a research report on Friday, November 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $47.33.

In other news, Director Stephen A. Mcconnell acquired 2,000 shares of Mobile Mini stock in a transaction dated Tuesday, December 18th. The stock was bought at an average price of $31.85 per share, for a total transaction of $63,700.00. Following the completion of the acquisition, the director now directly owns 86,789 shares in the company, valued at approximately $2,764,229.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.30% of the company’s stock.

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Mobile Mini Company Profile

Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.

Further Reading: Trading Strategy

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Institutional Ownership by Quarter for Mobile Mini (NASDAQ:MINI)

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