Oregon Public Employees Retirement Fund Makes New Investment in Mobility Global, Inc. $MBGL

Oregon Public Employees Retirement Fund bought a new position in shares of Mobility Global, Inc. (NYSE:MBGL) during the third quarter, HoldingsChannel.com reports. The firm bought 66,146 shares of the company’s stock, valued at approximately $1,134,000.

Several other large investors also recently bought and sold shares of MBGL. Salomon & Ludwin LLC purchased a new position in shares of Mobility Global in the third quarter valued at $45,000. Lifetime Wealth Management P.C. acquired a new position in shares of Mobility Global during the 3rd quarter worth $1,715,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Mobility Global in the 3rd quarter worth about $152,000. Boit C F David purchased a new stake in shares of Mobility Global in the 3rd quarter worth about $40,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Mobility Global in the 3rd quarter valued at about $850,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on MBGL shares. Wolfe Research raised shares of Mobility Global to a “strong-buy” rating in a research note on Monday, July 20th. Barclays began coverage on shares of Mobility Global in a research report on Tuesday, September 1st. They set an “equal weight” rating and a $23.00 target price for the company. Morgan Stanley initiated coverage on shares of Mobility Global in a report on Friday, October 9th. They issued an “equal weight” rating and a $19.00 price target on the stock. Wells Fargo & Company lowered their price target on shares of Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Mobility Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.20.

Insider Buying and Selling

In other news, Director Mark Peek bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $19.87 per share, with a total value of $298,050.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at $993,500. This trade represents a 42.86% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders bought 50,000 shares of company stock worth $980,550.

Mobility Global Stock Performance

Mobility Global stock opened at $19.61 on Monday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average is $18.98. The stock has a market capitalization of $5.80 billion and a P/E ratio of 108.94. Mobility Global, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $26.00.

Mobility Global (NYSE:MBGL) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $468.00 million during the quarter. On average, analysts forecast that Mobility Global, Inc. will post 1.52 EPS for the current fiscal year.

Mobility Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, November 30th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, November 30th. Mobility Global’s dividend payout ratio (DPR) is currently 133.33%.

About Mobility Global

Mobility Global is a blank-check company formed to pursue a merger, acquisition, share exchange or similar business combination with an operating business. It does not have established products or services of its own.

The company’s stated focus is the mobility sector, which may include businesses involved in transportation, automotive services, logistics and related technologies. Its activities are centered on identifying and completing a suitable business combination.