Mobile Mini Inc. (MINI) Trading Down 3.5%
Shares of Mobile Mini Inc. (NASDAQ:MINI) dropped 3.5% on Wednesday . The company traded as low as $28.88 and last traded at $29.02, with a volume of 214,093 shares traded. The stock had previously closed at $30.06.
MINI has been the subject of a number of recent analyst reports. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Mobile Mini in a report on Friday, April 29th. TheStreet upgraded Mobile Mini from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Zacks Investment Research downgraded Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, SunTrust Banks Inc. downgraded Mobile Mini from a “buy” rating to a “neutral” rating in a research note on Thursday, April 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.33.
The company’s 50 day moving average is $33.59 and its 200 day moving average is $32.08. The stock has a market capitalization of $1.27 billion and a P/E ratio of 33.85.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. The firm had revenue of $124.84 million for the quarter, compared to analysts’ expectations of $128.81 million. During the same period in the previous year, the business posted $0.28 earnings per share. Mobile Mini’s quarterly revenue was down 4.2% on a year-over-year basis. Analysts anticipate that Mobile Mini Inc. will post $1.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th will be paid a $0.206 dividend. The ex-dividend date is Monday, August 15th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.86%.
In other news, Director Jeffrey S. Goble sold 8,338 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $32.47, for a total value of $270,734.86. Following the completion of the sale, the director now directly owns 20,117 shares of the company’s stock, valued at $653,198.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Several hedge funds have recently made changes to their positions in the company. Jennison Associates LLC boosted its stake in shares of Mobile Mini by 0.6% in the fourth quarter. Jennison Associates LLC now owns 2,840,130 shares of the company’s stock worth $88,413,000 after buying an additional 17,309 shares during the period. Wells Fargo & Company MN boosted its position in Mobile Mini by 16.3% in the fourth quarter. Wells Fargo & Company MN now owns 568,407 shares of the company’s stock valued at $17,694,000 after buying an additional 79,552 shares during the last quarter. Coe Capital Management LLC boosted its position in Mobile Mini by 482.5% in the fourth quarter. Coe Capital Management LLC now owns 116,504 shares of the company’s stock valued at $3,627,000 after buying an additional 96,504 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Mobile Mini by 3.6% in the fourth quarter. Rhumbline Advisers now owns 75,431 shares of the company’s stock valued at $2,348,000 after buying an additional 2,640 shares during the last quarter.
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It manages its business as two portable storage solutions business segments: North America and the U.K., and one specialty containment business segment.