Lawrence Trachtenberg Sells 10,000 Shares of Mobile Mini, Inc. (NASDAQ:MINI) Stock
Mobile Mini, Inc. (NASDAQ:MINI) Director Lawrence Trachtenberg sold 10,000 shares of the company’s 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 completion of the sale, the director now owns 38,181 shares in the company, valued at approximately $1,206,137.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mobile Mini, Inc. (NASDAQ MINI) opened at 31.65 on Thursday. The firm has a market cap of $1.39 billion, a PE ratio of 27.50 and a beta of 2.26. The firm’s 50 day moving average price is $30.13 and its 200-day moving average price is $30.18. Mobile Mini, Inc. has a one year low of $23.40 and a one year high of $37.05.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The firm had revenue of $126.70 million for the quarter, compared to analysts’ expectations of $126.03 million. Mobile Mini had a return on equity of 7.52% and a net margin of 10.03%. Mobile Mini’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. Equities analysts predict that Mobile Mini, Inc. will post $1.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Monday, August 14th. Mobile Mini’s dividend payout ratio (DPR) is 78.45%.
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A number of large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in Mobile Mini during the first quarter worth about $117,000. Foresters Investment Management Company Inc. raised its stake in Mobile Mini by 6.5% in the first quarter. Foresters Investment Management Company Inc. now owns 4,900 shares of the industrial products company’s stock worth $149,000 after buying an additional 300 shares during the last quarter. State of Alaska Department of Revenue raised its stake 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 worth $149,000 after buying an additional 100 shares during the last quarter. SG Americas Securities LLC bought a new stake in Mobile Mini during the second quarter worth about $152,000. Finally, Trexquant Investment LP bought a new stake in Mobile Mini during the second quarter worth about $206,000.
MINI has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Mobile Mini from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. BidaskClub raised Mobile Mini from a “hold” rating to a “buy” rating in a report on Friday, June 30th. One investment 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. Mobile Mini currently has a consensus rating of “Hold” and a consensus price target of $35.00.
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.
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