NGAM Advisors L.P. decreased its position in Mobile Mini, Inc. (NASDAQ:MINI) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 460,270 shares of the industrial products company’s stock after selling 12,582 shares during the period. NGAM Advisors L.P. owned about 1.04% of Mobile Mini worth $13,739,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in MINI. State of Tennessee Treasury Department boosted its position in shares of Mobile Mini by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 41,771 shares of the industrial products company’s stock valued at $1,274,000 after buying an additional 6,304 shares in the last quarter. Bank of America Corp DE increased its position in Mobile Mini by 15.4% in the first quarter. Bank of America Corp DE now owns 330,816 shares of the industrial products company’s stock valued at $10,090,000 after buying an additional 44,165 shares during the period. OppenheimerFunds Inc. increased its position in Mobile Mini by 24.6% in the first quarter. OppenheimerFunds Inc. now owns 13,119 shares of the industrial products company’s stock valued at $400,000 after buying an additional 2,591 shares during the period. Atria Investments LLC increased its position in 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 period. Finally, BNP Paribas Arbitrage SA increased its position in Mobile Mini by 12.0% in the first quarter. BNP Paribas Arbitrage SA now owns 9,166 shares of the industrial products company’s stock valued at $280,000 after buying an additional 981 shares during the period.
Shares of Mobile Mini, Inc. (NASDAQ:MINI) opened at 28.95 on Friday. The firm has a market capitalization of $1.27 billion, a PE ratio of 25.15 and a beta of 2.26. Mobile Mini, Inc. has a 12-month low of $23.40 and a 12-month high of $37.05. The company’s 50 day moving average is $30.29 and its 200 day moving average is $30.14.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data 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 the consensus estimate of $126.03 million. Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, analysts forecast that Mobile Mini, Inc. will post $1.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.227 per share. The ex-dividend date is Monday, August 14th. This represents a $0.91 annualized dividend and a dividend yield of 3.14%. Mobile Mini’s dividend payout ratio is 78.45%.
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Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Mobile Mini from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Mobile Mini from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $35.00.
In related news, insider Mark Funk sold 41,020 shares of the company’s 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 $4,876,733.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence Trachtenberg sold 10,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was 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 of the company’s stock, valued at approximately $1,206,137.79. The disclosure for this sale can be found here. In the last 90 days, insiders have 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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