Mobile Mini, Inc. (NASDAQ:MINI) CFO Mark Funk sold 45,830 shares of the business’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $32.31, for a total value of $1,480,767.30. Following the sale, the chief financial officer now owns 160,299 shares in the company, valued at $5,179,260.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Mark Funk also recently made the following trade(s):
Mobile Mini, Inc. (NASDAQ:MINI) traded down 2.58% during trading on Wednesday, hitting $32.10. The company had a trading volume of 312,967 shares. The company’s 50 day moving average price is $30.81 and its 200-day moving average price is $29.95. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 30.28 and a beta of 2.41. Mobile Mini, Inc. has a 1-year low of $23.40 and a 1-year high of $38.13.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Thursday, February 2nd. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. Mobile Mini had a return on equity of 7.85% and a net margin of 9.29%. The firm had revenue of $130.40 million for the quarter, compared to analysts’ expectations of $133.57 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. On average, analysts expect that Mobile Mini, Inc. will post $1.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a $0.227 dividend. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.91 annualized dividend and a dividend yield of 2.83%. This is a boost from Mobile Mini’s previous quarterly dividend of $0.21. Mobile Mini’s dividend payout ratio (DPR) is presently 76.64%.
Several research firms have recently weighed in on MINI. Zacks Investment Research cut Mobile Mini from a “hold” rating to a “sell” rating in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $38.00 price target (up from $34.00) on shares of Mobile Mini in a report on Friday, February 3rd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $34.00 price target (up from $29.00) on shares of Mobile Mini in a report on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.67.
Hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in Mobile Mini by 5.7% in the fourth quarter. Comerica Bank now owns 47,345 shares of the company’s stock valued at $1,406,000 after buying an additional 2,563 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Mobile Mini during the fourth quarter valued at approximately $646,000. Sawtooth Solutions LLC raised its position in shares of Mobile Mini by 0.6% in the third quarter. Sawtooth Solutions LLC now owns 11,721 shares of the company’s stock valued at $354,000 after buying an additional 68 shares during the period. Green Square Capital LLC raised its position in shares of Mobile Mini by 27.1% in the third quarter. Green Square Capital LLC now owns 23,862 shares of the company’s stock valued at $721,000 after buying an additional 5,088 shares during the period. Finally, Capital World Investors raised its position in shares of Mobile Mini by 39.9% in the third quarter. Capital World Investors now owns 1,400,000 shares of the company’s stock valued at $42,280,000 after buying an additional 399,559 shares during the period.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It manages its business as two portable storage solutions business segments: North America and the U.K., and one specialty containment business segment.