First Allied Advisory Services Inc. Purchases 1,244 Shares of Mobile Mini, Inc. (MINI)
First Allied Advisory Services Inc. lifted its position in shares of Mobile Mini, Inc. (NASDAQ:MINI) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,600 shares of the industrial products company’s stock after buying an additional 1,244 shares during the period. First Allied Advisory Services Inc.’s holdings in Mobile Mini were worth $584,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of MINI. Ameritas Investment Partners Inc. acquired a new position in shares of Mobile Mini during the first quarter worth about $117,000. Foresters Investment Management Company Inc. boosted its position in shares of Mobile Mini by 6.5% during the first quarter. Foresters Investment Management Company Inc. now owns 4,900 shares of the industrial products company’s stock worth $149,000 after buying an additional 300 shares during the period. SG Americas Securities LLC acquired a new position in shares of Mobile Mini during the second quarter worth about $152,000. Trexquant Investment LP acquired a new position in shares of Mobile Mini during the second quarter worth about $206,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Mobile Mini during the second quarter worth about $209,000.
Shares of Mobile Mini, Inc. (NASDAQ MINI) opened at 34.75 on Thursday. The company’s 50-day moving average price is $31.36 and its 200 day moving average price is $29.87. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 30.19 and a beta of 2.27. 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). Mobile Mini had a return on equity of 7.52% and a net margin of 10.03%. The business had revenue of $126.70 million during the quarter, compared to analysts’ expectations of $126.03 million. During the same quarter in the previous year, the firm earned $0.25 EPS. Mobile Mini’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts predict that Mobile Mini, Inc. will post $1.21 earnings per share for the current year.
In other Mobile Mini news, CFO Mark Funk sold 16,339 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $30.42, for a total transaction of $497,032.38. Following the sale, the chief financial officer now owns 170,291 shares of the company’s stock, valued at approximately $5,180,252.22. The sale 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 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 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 sold a total of 156,065 shares of company stock worth $4,832,212 in the last ninety days. 6.50% of the stock is currently owned by insiders.
Several research analysts have recently weighed in on MINI shares. Zacks Investment Research cut Mobile Mini from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. BidaskClub lowered Mobile Mini from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Needham & Company LLC reiterated a “buy” rating and set a $38.00 target price on shares of Mobile Mini in a report on Friday, September 1st. Robert W. Baird set a $34.00 target price on Mobile Mini and gave the stock a “hold” rating in a report on Sunday, September 10th. Finally, KeyCorp reiterated a “hold” rating on shares of Mobile Mini in a report on Wednesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Mobile Mini has a consensus rating of “Hold” and an average price target of $35.33.
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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