Mobile Mini Inc (NASDAQ:MINI) Shares Sold by First Wilshire Securities Management Inc.

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First Wilshire Securities Management Inc. trimmed its position in Mobile Mini Inc (NASDAQ:MINI) by 23.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 116,462 shares of the industrial products company’s stock after selling 36,346 shares during the quarter. Mobile Mini makes up approximately 1.4% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 26th biggest position. First Wilshire Securities Management Inc.’s holdings in Mobile Mini were worth $3,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Mobile Mini by 11.7% in the second quarter. BlackRock Inc. now owns 7,284,309 shares of the industrial products company’s stock valued at $221,662,000 after acquiring an additional 763,119 shares in the last quarter. Vanguard Group Inc. boosted its stake in Mobile Mini by 2.1% in the second quarter. Vanguard Group Inc. now owns 4,907,610 shares of the industrial products company’s stock valued at $149,339,000 after acquiring an additional 100,889 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Mobile Mini by 9.4% in the second quarter. Bank of New York Mellon Corp now owns 766,271 shares of the industrial products company’s stock valued at $23,316,000 after acquiring an additional 66,027 shares in the last quarter. Bernzott Capital Advisors boosted its stake in Mobile Mini by 16.1% in the second quarter. Bernzott Capital Advisors now owns 712,003 shares of the industrial products company’s stock valued at $21,666,000 after acquiring an additional 98,691 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Mobile Mini by 0.4% in the second quarter. Invesco Ltd. now owns 669,644 shares of the industrial products company’s stock valued at $20,377,000 after acquiring an additional 2,699 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

NASDAQ:MINI opened at $33.36 on Friday. Mobile Mini Inc has a 12 month low of $29.02 and a 12 month high of $44.56. The firm has a fifty day simple moving average of $31.98 and a 200-day simple moving average of $33.08. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1.53 billion, a P/E ratio of 19.32, a PEG ratio of 1.27 and a beta of 1.63.

Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Mobile Mini had a negative net margin of 0.95% and a positive return on equity of 9.70%. The business had revenue of $150.18 million during the quarter, compared to the consensus estimate of $151.75 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts forecast that Mobile Mini Inc will post 1.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.275 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.10 annualized dividend and a dividend yield of 3.30%. Mobile Mini’s payout ratio is currently 67.07%.

Several equities research analysts have recently commented on MINI shares. BidaskClub upgraded shares of Mobile Mini from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Zacks Investment Research upgraded shares of Mobile Mini from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Stifel Nicolaus started coverage on shares of Mobile Mini in a research note on Wednesday, August 21st. They set a “buy” rating and a $36.00 price objective for the company. ValuEngine upgraded shares of Mobile Mini from a “sell” rating to a “hold” rating in a research note on Saturday, September 14th. Finally, Credit Suisse Group lowered their price objective on shares of Mobile Mini from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $41.83.

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.

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

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