Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III Purchases 9,375 Shares of Stock

Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III bought 9,375 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were bought at an average cost of $3.49 per share, for a total transaction of $32,718.75. Following the transaction, the chief executive officer now owns 127,446 shares in the company, valued at approximately $444,786.54. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Manuel Chavez III also recently made the following trade(s):

• On Friday, May 3rd, Manuel Chavez III acquired 559 shares of Mobile Infrastructure stock. The stock was acquired at an average cost of $3.50 per share, for a total transaction of $1,956.50.
• On Wednesday, April 24th, Manuel Chavez III acquired 1,535 shares of Mobile Infrastructure stock. The stock was acquired at an average cost of $3.48 per share, for a total transaction of $5,341.80.
• On Monday, April 22nd, Manuel Chavez III acquired 5,442 shares of Mobile Infrastructure stock. The stock was acquired at an average cost of $3.44 per share, for a total transaction of $18,720.48.
• On Thursday, April 18th, Manuel Chavez III bought 33,043 shares of Mobile Infrastructure stock. The stock was purchased at an average price of $3.41 per share, with a total value of $112,676.63.
• On Tuesday, April 16th, Manuel Chavez III bought 1,220 shares of Mobile Infrastructure stock. The stock was purchased at an average price of $3.49 per share, with a total value of $4,257.80.

Mobile Infrastructure Stock Performance

Shares of NASDAQ BEEP opened at $3.55 on Thursday. Mobile Infrastructure Co. has a 1-year low of $2.75 and a 1-year high of $20.12. The business has a fifty day moving average price of $3.58 and a 200 day moving average price of $3.88.

Mobile Infrastructure (NASDAQ:BEEP) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.69) earnings per share for the quarter. The company had revenue of $7.89 million during the quarter.

Institutional Investors Weigh In On Mobile Infrastructure

Hedge funds have recently made changes to their positions in the stock. Ausdal Financial Partners Inc. acquired a new position in shares of Mobile Infrastructure in the third quarter valued at about $328,000. Atomi Financial Group Inc. acquired a new stake in Mobile Infrastructure during the third quarter worth about $76,000. Realta Investment Advisors acquired a new stake in Mobile Infrastructure during the fourth quarter worth about $345,000. International Assets Investment Management LLC acquired a new stake in Mobile Infrastructure during the fourth quarter worth about $1,193,000. Finally, Arkadios Wealth Advisors boosted its position in Mobile Infrastructure by 151.0% during the fourth quarter. Arkadios Wealth Advisors now owns 60,092 shares of the company’s stock worth $243,000 after purchasing an additional 36,154 shares in the last quarter. 84.30% of the stock is currently owned by hedge funds and other institutional investors.

About Mobile Infrastructure

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet.