Great West Life Assurance Co. Can continued to hold its stake in shares of Mobile Mini Inc. (NASDAQ:MINI) during the second quarter, Holdings Channel reports. The institutional investor owned 3,842 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Mobile Mini were worth $127,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of MINI. Norges Bank purchased a new stake in shares of Mobile Mini during the fourth quarter worth about $9,981,000. Aperio Group LLC boosted its stake in shares of Mobile Mini by 4.3% in the first quarter. Aperio Group LLC now owns 14,135 shares of the company’s stock worth $467,000 after buying an additional 579 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Mobile Mini during the first quarter worth about $211,000. Ngam Advisors L.P. boosted its stake in shares of Mobile Mini by 347.8% in the first quarter. Ngam Advisors L.P. now owns 243,465 shares of the company’s stock worth $8,039,000 after buying an additional 189,092 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Mobile Mini by 2.5% in the first quarter. Prudential Financial Inc. now owns 107,384 shares of the company’s stock worth $3,546,000 after buying an additional 2,660 shares during the last quarter.
Mobile Mini Inc. (NASDAQ:MINI) traded up 0.92% on Friday, reaching $29.46. 143,545 shares of the company’s stock traded hands. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 34.66 and a beta of 2.09. Mobile Mini Inc. has a 52-week low of $24.13 and a 52-week high of $38.13. The company’s 50 day moving average is $29.66 and its 200-day moving average is $32.46.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. The company earned $124.84 million during the quarter, compared to analyst estimates of $128.81 million. Mobile Mini had a return on equity of 7.62% and a net margin of 7.45%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. Equities analysts expect that Mobile Mini Inc. will post $1.32 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th were issued a dividend of $0.206 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Monday, August 15th. Mobile Mini’s dividend payout ratio is currently 95.35%.
MINI has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Mobile Mini from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a report on Tuesday, July 26th. TheStreet cut shares of Mobile Mini from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $38.33.
In other news, Director Jeffrey S. Goble sold 8,338 shares of Mobile Mini stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $32.47, for a total transaction of $270,734.86. Following the completion of the transaction, the director now directly owns 20,117 shares in the company, valued at $653,198.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.40% of the company’s stock.
Mobile Mini Company Profile
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.
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