Commerce Bank maintained its stake in Mobile Mini, Inc. (NASDAQ:MINI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,955 shares of the industrial products company’s stock at the end of the 2nd quarter. Commerce Bank’s holdings in Mobile Mini were worth $297,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Aperio Group LLC boosted its position in Mobile Mini by 14.0% during the second quarter. Aperio Group LLC now owns 13,192 shares of the industrial products company’s stock valued at $394,000 after purchasing an additional 1,621 shares in the last quarter. State of Tennessee Treasury Department boosted its holdings in 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 worth $1,274,000 after acquiring an additional 6,304 shares in the last quarter. Bank of America Corp DE boosted its holdings in 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 worth $10,090,000 after acquiring an additional 44,165 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Mobile Mini by 24.6% in the first quarter. OppenheimerFunds Inc. now owns 13,119 shares of the industrial products company’s stock worth $400,000 after acquiring an additional 2,591 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in 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 worth $280,000 after acquiring an additional 981 shares in the last quarter.
In other news, Director Lawrence Trachtenberg sold 10,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $31.59, for a total value of $315,900.00. Following the transaction, the director now owns 38,181 shares in the company, valued at approximately $1,206,137.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark Funk sold 36,080 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $30.34, for a total value of $1,094,667.20. Following the completion of the transaction, the insider now owns 170,291 shares in the company, valued at approximately $5,166,628.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,065 shares of company stock worth $4,832,212. Company insiders own 6.50% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Mobile Mini from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, June 28th. BidaskClub downgraded Mobile Mini from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Mobile Mini in a report on Friday, September 1st.
Shares of Mobile Mini, Inc. (NASDAQ:MINI) opened at 32.15 on Monday. The firm has a market cap of $1.41 billion, a P/E ratio of 27.93 and a beta of 2.22. The firm has a 50-day moving average price of $30.32 and a 200 day moving average price of $29.77. Mobile Mini, Inc. has a one year low of $23.40 and a one year high of $37.05.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.02. Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The business had revenue of $126.70 million during the quarter, compared to analysts’ expectations of $126.03 million. During the same quarter in the previous year, the company posted $0.25 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. On average, analysts forecast that Mobile Mini, Inc. will post $1.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were issued a $0.227 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.82%. Mobile Mini’s payout ratio is currently 78.45%.
Mobile Mini Company Profile
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.
Receive News & Ratings for Mobile Mini Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile Mini Inc. and related companies with MarketBeat.com's FREE daily email newsletter.