Insider Buying: Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Purchases 33,043 Shares of Stock

Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III bought 33,043 shares of the stock in a transaction dated Thursday, April 18th. The stock was bought at an average cost of $3.41 per share, for a total transaction of $112,676.63. Following the acquisition, the chief executive officer now directly owns 51,124 shares of the company’s stock, valued at approximately $174,332.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, April 16th, Manuel Chavez III bought 1,220 shares of Mobile Infrastructure stock. The shares were bought at an average cost of $3.49 per share, with a total value of $4,257.80.

Mobile Infrastructure Stock Down 3.7 %

Shares of BEEP traded down $0.12 during midday trading on Friday, hitting $3.27. 83,174 shares of the company traded hands, compared to its average volume of 25,621. The firm has a 50 day moving average of $3.71 and a 200-day moving average of $3.90. Mobile Infrastructure Co. has a 52 week low of $2.75 and a 52 week high of $20.12.

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

Institutional Trading of Mobile Infrastructure

A number of large investors have recently made changes to their positions in the business. Arkadios Wealth Advisors purchased a new position in Mobile Infrastructure in the third quarter worth about $84,000. Wagner Wealth Management LLC purchased a new position in shares of Mobile Infrastructure in the 3rd quarter worth approximately $35,000. Ausdal Financial Partners Inc. bought a new position in shares of Mobile Infrastructure during the 3rd quarter valued at approximately $328,000. Atomi Financial Group Inc. bought a new stake in Mobile Infrastructure in the third quarter worth $76,000. Finally, Realta Investment Advisors purchased a new position in Mobile Infrastructure during the fourth quarter worth $345,000. 84.30% of the stock is currently owned by 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.