Mobile Mini, Inc. (MINI) Director Sells $144,400.00 in Stock
Mobile Mini, Inc. (NASDAQ:MINI) Director Stephen A. Mcconnell sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $36.10, for a total value of $144,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Mobile Mini, Inc. (MINI) opened at $35.45 on Monday. The company has a market capitalization of $1,571.38, a P/E ratio of 28.59, a PEG ratio of 2.29 and a beta of 2.34. Mobile Mini, Inc. has a fifty-two week low of $26.70 and a fifty-two week high of $37.05. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.38.
Mobile Mini (NASDAQ:MINI) last posted its earnings results on Friday, October 20th. The industrial products company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.05). The company had revenue of $136.64 million for the quarter, compared to the consensus estimate of $133.73 million. Mobile Mini had a net margin of 9.59% and a return on equity of 7.17%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. sell-side analysts predict that Mobile Mini, Inc. will post 1.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.227 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.91 annualized dividend and a dividend yield of 2.56%. Mobile Mini’s dividend payout ratio is presently 81.25%.
Several research firms have recently commented on MINI. Robert W. Baird set a $34.00 target price on Mobile Mini and gave the company a “hold” rating in a report on Sunday, September 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of Mobile Mini in a report on Friday, September 1st. BidaskClub lowered Mobile Mini from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. KeyCorp reaffirmed a “hold” rating on shares of Mobile Mini in a report on Wednesday, October 4th. Finally, Zacks Investment Research lowered Mobile Mini from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Mobile Mini has a consensus rating of “Hold” and an average price target of $37.00.
Several hedge funds and other institutional investors have recently modified their holdings of MINI. Riverbridge Partners LLC boosted its position in shares of Mobile Mini by 53.6% during the third quarter. Riverbridge Partners LLC now owns 1,330,145 shares of the industrial products company’s stock worth $45,823,000 after buying an additional 464,332 shares during the period. Northern Trust Corp boosted its position in shares of Mobile Mini by 30.9% during the second quarter. Northern Trust Corp now owns 1,839,418 shares of the industrial products company’s stock worth $54,907,000 after buying an additional 434,522 shares during the period. Jennison Associates LLC boosted its position in shares of Mobile Mini by 10.8% during the third quarter. Jennison Associates LLC now owns 2,911,771 shares of the industrial products company’s stock worth $100,311,000 after buying an additional 282,723 shares during the period. Deprince Race & Zollo Inc. boosted its position in shares of Mobile Mini by 44.0% during the second quarter. Deprince Race & Zollo Inc. now owns 887,833 shares of the industrial products company’s stock worth $26,502,000 after buying an additional 271,423 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Mobile Mini by 16.3% during the second quarter. Goldman Sachs Group Inc. now owns 1,256,085 shares of the industrial products company’s stock worth $37,494,000 after buying an additional 176,510 shares during the period.
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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