Schwab Charles Investment Management Inc. boosted its position in Mobile Mini, Inc. (NASDAQ:MINI) by 11.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,230 shares of the industrial products company’s stock after buying an additional 23,705 shares during the period. Schwab Charles Investment Management Inc. owned about 0.54% of Mobile Mini worth $7,206,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of MINI. Russell Investments Group Ltd. bought a new position in shares of Mobile Mini during the fourth quarter valued at approximately $646,000. Norges Bank bought a new position in shares of Mobile Mini during the fourth quarter valued at approximately $7,397,000. Teachers Advisors LLC increased its position in shares of Mobile Mini by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 71,417 shares of the industrial products company’s stock valued at $2,160,000 after buying an additional 1,910 shares during the last quarter. Bank of Montreal Can increased its position in shares of Mobile Mini by 3.3% in the first quarter. Bank of Montreal Can now owns 27,624 shares of the industrial products company’s stock valued at $842,000 after buying an additional 872 shares during the last quarter. Finally, Atria Investments LLC increased its position in shares of Mobile Mini by 40.3% in the first quarter. Atria Investments LLC now owns 11,743 shares of the industrial products company’s stock valued at $358,000 after buying an additional 3,373 shares during the last quarter.
Shares of Mobile Mini, Inc. (MINI) traded down 3.70% on Friday, hitting $29.90. The stock had a trading volume of 236,232 shares. The firm has a 50 day moving average of $30.21 and a 200-day moving average of $30.19. Mobile Mini, Inc. has a 1-year low of $23.40 and a 1-year high of $37.05. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 25.98 and a beta of 2.26.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.02. The company had revenue of $126.70 million during 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%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. Equities analysts predict that Mobile Mini, Inc. will post $1.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be issued a $0.227 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.04%. Mobile Mini’s dividend payout ratio is currently 78.45%.
Several research analysts have commented on MINI shares. Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a report on Friday, April 28th. BidaskClub raised Mobile Mini from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $35.00.
In other news, Director Lawrence Trachtenberg sold 10,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the sale, the director now owns 38,181 shares in the company, valued at $1,206,137.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Funk sold 41,020 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $31.82, for a total transaction of $1,305,256.40. Following the completion of the sale, the insider now owns 153,260 shares in the company, valued at approximately $4,876,733.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,065 shares of company stock valued at $4,832,212. Corporate insiders own 6.50% of the company’s stock.
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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