Great West Life Assurance Co. Can Purchases 1,880 Shares of Mobile Mini Inc. (MINI)
Great West Life Assurance Co. Can boosted its position in Mobile Mini Inc. (NASDAQ:MINI) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,195 shares of the company’s stock after buying an additional 1,880 shares during the period. Great West Life Assurance Co. Can owned 0.14% of Mobile Mini worth $1,847,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of Mobile Mini during the second quarter worth approximately $113,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Mobile Mini during the second quarter worth approximately $121,000. Advisor Group Inc. bought a new position in shares of Mobile Mini during the second quarter worth approximately $191,000. PineBridge Investments L.P. raised its position in shares of Mobile Mini by 3.5% in the second quarter. PineBridge Investments L.P. now owns 5,637 shares of the company’s stock worth $195,000 after buying an additional 189 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Mobile Mini by 93.4% in the second quarter. BlackRock Inc. now owns 5,961 shares of the company’s stock worth $207,000 after buying an additional 2,879 shares in the last quarter.
Mobile Mini Inc. (NASDAQ:MINI) traded down 3.33% during mid-day trading on Monday, reaching $30.50. The company’s stock had a trading volume of 198,439 shares. The company has a 50 day moving average of $28.11 and a 200-day moving average of $31.24. The stock has a market cap of $1.35 billion, a PE ratio of 36.53 and a beta of 2.40. Mobile Mini Inc. has a 52-week low of $23.40 and a 52-week high of $38.13.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.06. The firm earned $128.85 million during the quarter, compared to the consensus estimate of $132.63 million. Mobile Mini had a net margin of 7.27% and a return on equity of 7.41%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. Equities analysts forecast that Mobile Mini Inc. will post $1.21 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 9th will be issued a $0.206 dividend. The ex-dividend date is Monday, November 7th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.70%. Mobile Mini’s dividend payout ratio (DPR) is 97.62%.
A number of brokerages have recently commented on MINI. Zacks Investment Research lowered Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $34.00 price objective (up previously from $29.00) on shares of Mobile Mini in a report on Monday, November 21st. Needham & Company LLC lowered their price objective on Mobile Mini from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Finally, TheStreet lowered Mobile Mini from a “buy” rating to a “hold” rating in a report on Friday, August 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.33.
In other news, CEO Erik Olsson purchased 3,000 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were bought at an average cost of $25.16 per share, for a total transaction of $75,480.00. Following the completion of the acquisition, the chief executive officer now directly owns 118,348 shares in the company, valued at approximately $2,977,635.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 6.40% of the stock is owned by insiders.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It 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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