SG Americas Securities LLC grew its position in Mobile Mini Inc (NASDAQ:MINI) by 205.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,365 shares of the industrial products company’s stock after buying an additional 23,797 shares during the quarter. SG Americas Securities LLC’s holdings in Mobile Mini were worth $1,551,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of MINI. Measured Wealth Private Client Group LLC purchased a new stake in shares of Mobile Mini during the 2nd quarter worth $243,000. We Are One Seven LLC purchased a new stake in shares of Mobile Mini during the 3rd quarter worth $335,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Mobile Mini during the 2nd quarter worth $443,000. Laurion Capital Management LP purchased a new stake in shares of Mobile Mini during the 2nd quarter worth $703,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Mobile Mini by 11.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,243 shares of the industrial products company’s stock worth $712,000 after purchasing an additional 1,625 shares during the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.
A number of equities research analysts have commented on MINI shares. Credit Suisse Group started coverage on Mobile Mini in a research note on Friday, August 10th. They issued a “neutral” rating and a $45.00 price target for the company. BidaskClub cut Mobile Mini from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Robert W. Baird cut Mobile Mini from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $48.00 to $44.00 in a research note on Monday, October 22nd. Zacks Investment Research upgraded Mobile Mini from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Wednesday, October 24th. Finally, ValuEngine cut Mobile Mini from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Mobile Mini has an average rating of “Hold” and an average target price of $47.11.
Mobile Mini stock opened at $37.05 on Wednesday. The stock has a market cap of $1.81 billion, a P/E ratio of 31.94, a P/E/G ratio of 1.70 and a beta of 1.68. Mobile Mini Inc has a 52 week low of $32.40 and a 52 week high of $50.40. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38.
Mobile Mini (NASDAQ:MINI) last posted its earnings results on Friday, October 19th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $149.71 million for the quarter, compared to analyst estimates of $148.75 million. Mobile Mini had a return on equity of 7.95% and a net margin of 12.05%. Mobile Mini’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. Research analysts anticipate that Mobile Mini Inc will post 1.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.70%. Mobile Mini’s dividend payout ratio is currently 86.21%.
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Mobile Mini Profile
Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.
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