616,410 Shares in Mobile Mini, Inc. (MINI) Acquired by Deprince Race & Zollo Inc.
Deprince Race & Zollo Inc. acquired a new stake in Mobile Mini, Inc. (NASDAQ:MINI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 616,410 shares of the industrial products company’s stock, valued at approximately $18,801,000. Deprince Race & Zollo Inc. owned about 1.40% of Mobile Mini at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new stake in shares of Mobile Mini during the first quarter valued at approximately $117,000. Foresters Investment Management Company Inc. acquired a new position in Mobile Mini during the fourth quarter valued at $140,000. State of Alaska Department of Revenue increased its position in Mobile Mini by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,910 shares of the industrial products company’s stock valued at $149,000 after buying an additional 100 shares during the last quarter. Miles Capital Inc. boosted its position in shares of Mobile Mini by 6.9% in the fourth quarter. Miles Capital Inc. now owns 7,102 shares of the industrial products company’s stock valued at $215,000 after buying an additional 460 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Mobile Mini during the third quarter valued at approximately $258,000.
Shares of Mobile Mini, Inc. (NASDAQ:MINI) traded down 0.34% during mid-day trading on Friday, reaching $29.10. 327,444 shares of the company traded hands. The firm has a 50 day moving average of $28.36 and a 200-day moving average of $30.27. The stock has a market capitalization of $1.28 billion, a PE ratio of 27.98 and a beta of 2.24. 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 Thursday, April 27th. The industrial products company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. Mobile Mini had a return on equity of 7.67% and a net margin of 9.14%. The business had revenue of $123.53 million for the quarter, compared to analyst estimates of $124.31 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The company’s revenue was down .8% on a year-over-year basis. On average, equities research analysts expect that Mobile Mini, Inc. will post $1.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 17th were paid a dividend of $0.227 per share. The ex-dividend date was Monday, May 15th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.12%. Mobile Mini’s payout ratio is 86.67%.
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Separately, Zacks Investment Research lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a report on Friday, April 28th.
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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