State of Alaska Department of Revenue raised its position in shares of Mobile Mini, Inc. (NASDAQ:MINI) by 77.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,728 shares of the industrial products company’s stock after buying an additional 3,818 shares during the period. State of Alaska Department of Revenue’s holdings in Mobile Mini were worth $260,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in MINI. BlackRock Inc. increased its stake in Mobile Mini by 97,640.1% in the first quarter. BlackRock Inc. now owns 5,421,642 shares of the industrial products company’s stock worth $165,361,000 after buying an additional 5,416,095 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Mobile Mini by 8.1% in the first quarter. Vanguard Group Inc. now owns 4,082,912 shares of the industrial products company’s stock valued at $124,529,000 after buying an additional 304,886 shares during the period. State Street Corp increased its position in shares of Mobile Mini by 12.7% in the first quarter. State Street Corp now owns 1,085,842 shares of the industrial products company’s stock valued at $33,116,000 after buying an additional 122,409 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Mobile Mini by 8.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,079,575 shares of the industrial products company’s stock valued at $32,927,000 after buying an additional 88,199 shares during the period. Finally, 12th Street Asset Management Company LLC increased its position in shares of Mobile Mini by 4.3% in the first quarter. 12th Street Asset Management Company LLC now owns 792,237 shares of the industrial products company’s stock valued at $24,163,000 after buying an additional 32,436 shares during the period.
Shares of Mobile Mini, Inc. (MINI) opened at 28.95 on Friday. The company has a market cap of $1.27 billion, a PE ratio of 25.15 and a beta of 2.26. The firm’s 50-day moving average is $30.29 and its 200-day moving average is $30.14. Mobile Mini, Inc. has a 12 month low of $23.40 and a 12 month high of $37.05.
Mobile Mini (NASDAQ:MINI) last announced its earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by $0.02. The company 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 for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. On average, equities research analysts predict that Mobile Mini, Inc. will post $1.21 earnings per share for the current year.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Monday, August 14th. Mobile Mini’s payout ratio is 78.45%.
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MINI has been the subject of several research analyst reports. BidaskClub upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $35.00.
In related news, insider Mark Funk sold 36,080 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $30.34, for a total transaction of $1,094,667.20. Following the sale, the insider now owns 170,291 shares of the company’s stock, valued at $5,166,628.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence Trachtenberg sold 10,000 shares of the business’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 sale, the director now directly owns 38,181 shares in the company, valued at approximately $1,206,137.79. The disclosure for this sale can be found here. Insiders have sold a total of 156,065 shares of company stock worth $4,832,212 in the last ninety days. Insiders own 6.50% of the company’s stock.
About Mobile Mini
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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