Fenimore Asset Management Inc Makes New $10.44 Million Investment in Mobility Global, Inc. $MBGL

Fenimore Asset Management Inc bought a new stake in Mobility Global, Inc. (NYSE:MBGL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 608,454 shares of the company’s stock, valued at approximately $10,435,000. Fenimore Asset Management Inc owned about 0.21% of Mobility Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wealth Enhancement Trust Services Inc. acquired a new position in shares of Mobility Global during the 3rd quarter worth approximately $25,000. CX Institutional acquired a new stake in shares of Mobility Global in the 3rd quarter valued at approximately $30,000. Advisors Preferred LLC bought a new position in shares of Mobility Global in the second quarter valued at $36,000. Eastern Bank bought a new position in shares of Mobility Global in the third quarter valued at $55,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in Mobility Global during the third quarter worth $99,000.

Mobility Global Stock Performance

Shares of Mobility Global stock traded up $0.76 on Thursday, reaching $18.13. 4,324,261 shares of the company’s stock were exchanged, compared to its average volume of 6,783,688. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. Mobility Global, Inc. has a 52 week low of $16.95 and a 52 week high of $26.00. The business has a 50-day moving average price of $19.62. The firm has a market cap of $5.37 billion and a P/E ratio of 100.71.

Mobility Global (NYSE:MBGL) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The company had revenue of $468.00 million during the quarter. On average, analysts expect that Mobility Global, Inc. will post 1.56 EPS for the current fiscal year.

Mobility Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 27th. Mobility Global’s payout ratio is presently 133.33%.

Insider Buying and Selling

In other news, Director Mark Peek purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $19.87 per share, with a total value of $298,050.00. Following the purchase, the director owned 50,000 shares in the company, valued at $993,500. This represents a 42.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders bought 50,000 shares of company stock valued at $980,550.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MBGL. Bank of America started coverage on Mobility Global in a research report on Friday, August 21st. They issued a “neutral” rating and a $23.00 price objective for the company. Robert W. Baird dropped their price target on Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Wolfe Research raised Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Weiss Ratings cut shares of Mobility Global from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Finally, Evercore began coverage on Mobility Global in a report on Wednesday, September 9th. They set an “in-line” rating and a $22.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.56.

Mobility Global Company Profile

Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.