Mobile Mini, Inc. (NASDAQ:MINI) Director Lawrence Trachtenberg sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the completion of the sale, the director now directly owns 38,181 shares in the company, valued at approximately $1,206,137.79. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Mobile Mini, Inc. (MINI) opened at 31.65 on Thursday. The firm has a market capitalization of $1.39 billion, a P/E ratio of 27.50 and a beta of 2.26. The stock’s 50 day moving average price is $30.13 and its 200-day moving average price is $30.18. Mobile Mini, Inc. has a 12-month low of $23.40 and a 12-month high of $37.05.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $126.70 million for the quarter, compared to the consensus estimate of $126.03 million. Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS. On average, equities analysts expect that Mobile Mini, Inc. will post $1.21 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be issued a $0.227 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.91 annualized dividend and a yield of 2.87%. Mobile Mini’s dividend payout ratio (DPR) is presently 78.45%.
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A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. BidaskClub downgraded Mobile Mini from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $35.00.
Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Tennessee Treasury Department increased its position in shares of Mobile Mini by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 41,771 shares of the industrial products company’s stock valued at $1,274,000 after buying an additional 6,304 shares during the period. Bank of America Corp DE increased its position in shares of Mobile Mini by 15.4% in the first quarter. Bank of America Corp DE now owns 330,816 shares of the industrial products company’s stock valued at $10,090,000 after buying an additional 44,165 shares during the period. Atria Investments LLC increased its position in shares of Mobile Mini by 40.3% in the first quarter. Atria Investments LLC now owns 11,743 shares of the industrial products company’s stock valued at $358,000 after buying an additional 3,373 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Mobile Mini by 12.0% in the first quarter. BNP Paribas Arbitrage SA now owns 9,166 shares of the industrial products company’s stock valued at $280,000 after buying an additional 981 shares during the period. Finally, OppenheimerFunds Inc. increased its position in shares of Mobile Mini by 24.6% in the first quarter. OppenheimerFunds Inc. now owns 13,119 shares of the industrial products company’s stock valued at $400,000 after buying an additional 2,591 shares during the period.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.
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