SG Americas Securities LLC purchased a new stake in shares of Mobile Mini, Inc. (NASDAQ:MINI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,094 shares of the industrial products company’s stock, valued at approximately $152,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Aperio Group LLC increased its position in shares of Mobile Mini by 14.0% during the second quarter. Aperio Group LLC now owns 13,192 shares of the industrial products company’s stock valued at $394,000 after acquiring an additional 1,621 shares during the last quarter. State of Tennessee Treasury Department increased its position in shares of Mobile Mini by 17.8% during 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 acquiring an additional 6,304 shares during the last quarter. Bank of America Corp DE increased its position in shares of Mobile Mini by 15.4% during 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 acquiring an additional 44,165 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Mobile Mini by 24.6% during the first quarter. OppenheimerFunds Inc. now owns 13,119 shares of the industrial products company’s stock valued at $400,000 after acquiring an additional 2,591 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Mobile Mini by 12.0% during the first quarter. BNP Paribas Arbitrage SA now owns 9,166 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 981 shares during the last quarter.

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In other Mobile Mini news, Director Lawrence Trachtenberg sold 10,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $31.59, for a total transaction of $315,900.00. Following the completion of the sale, the director now directly owns 38,181 shares in the company, valued at approximately $1,206,137.79. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mark Funk sold 36,080 shares of the business’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders sold a total of 156,065 shares of company stock worth $4,832,212 over the last ninety days. 6.50% of the stock is currently owned by insiders.

Shares of Mobile Mini, Inc. (MINI) opened at 32.25 on Friday. Mobile Mini, Inc. has a 52-week low of $23.40 and a 52-week high of $37.05. The stock has a market capitalization of $1.42 billion, a P/E ratio of 28.02 and a beta of 2.22. The firm has a 50-day moving average price of $30.58 and a 200-day moving average price of $29.65.

Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The business had revenue of $126.70 million during 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 business’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. On average, analysts predict that Mobile Mini, Inc. will post $1.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th were given a $0.227 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.91 annualized dividend and a yield of 2.82%. Mobile Mini’s dividend payout ratio (DPR) is presently 78.45%.

A number of brokerages recently commented on MINI. Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research report on Thursday. Robert W. Baird set a $34.00 price target on Mobile Mini and gave the company a “hold” rating in a research report on Sunday, September 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of Mobile Mini in a research report on Friday, September 1st. Finally, BidaskClub downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.75.

Mobile Mini 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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Institutional Ownership by Quarter for Mobile Mini (NASDAQ:MINI)

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