Advisor Group Inc. Has $140,000 Position in Mobile Mini, Inc. (MINI)
Advisor Group Inc. lessened its holdings in Mobile Mini, Inc. (NASDAQ:MINI) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,710 shares of the industrial products company’s stock after selling 118 shares during the quarter. Advisor Group Inc.’s holdings in Mobile Mini were worth $140,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in Mobile Mini in the 1st quarter worth $117,000. SG Americas Securities LLC purchased a new position in Mobile Mini in the 2nd quarter worth $152,000. Trexquant Investment LP purchased a new position in Mobile Mini in the 2nd quarter worth $206,000. Eqis Capital Management Inc. purchased a new position in Mobile Mini in the 2nd quarter worth $209,000. Finally, State of Alaska Department of Revenue raised its position in Mobile Mini by 77.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,728 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 3,818 shares during the period.
Mobile Mini, Inc. (MINI) opened at 33.45 on Tuesday. The stock has a market cap of $1.47 billion, a PE ratio of 29.06 and a beta of 2.26. The firm has a 50 day moving average of $33.22 and a 200-day moving average of $30.31. Mobile Mini, Inc. has a 52-week low of $23.40 and a 52-week high of $37.05.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.05). Mobile Mini had a net margin of 9.59% and a return on equity of 7.17%. The business had revenue of $136.64 million for the quarter, compared to the consensus estimate of $133.73 million. During the same quarter last year, the business earned $0.31 EPS. Mobile Mini’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts anticipate that Mobile Mini, Inc. will post $1.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.227 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.91 annualized dividend and a yield of 2.71%. Mobile Mini’s dividend payout ratio (DPR) is currently 81.25%.
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In other news, insider Mark Funk sold 36,080 shares of the firm’s 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 sale, the insider now owns 170,291 shares in the company, valued at approximately $5,166,628.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence Trachtenberg sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $31.59, for a total transaction of $315,900.00. Following the completion of the sale, the director now owns 38,181 shares of the company’s stock, valued at approximately $1,206,137.79. The disclosure for this sale can be found here. Insiders have sold 139,726 shares of company stock valued at $4,335,180 in the last quarter. 6.50% of the stock is owned by company insiders.
A number of brokerages recently commented on MINI. BidaskClub cut shares of Mobile Mini from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Robert W. Baird lifted their target price on shares of Mobile Mini from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $36.00 target price on shares of Mobile Mini in a research report on Monday. Zacks Investment Research cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price on shares of Mobile Mini in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Mobile Mini presently has an average rating of “Hold” and an average target price of $37.00.
Mobile Mini 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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