Mobile Infrastructure (NASDAQ:BEEP) Shares Down 0.4%

Mobile Infrastructure Co. (NASDAQ:BEEP)’s stock price fell 0.4% during mid-day trading on Wednesday . The company traded as low as $2.66 and last traded at $2.70. 31,494 shares traded hands during trading, a decline of 31% from the average session volume of 45,486 shares. The stock had previously closed at $2.71.

Mobile Infrastructure Price Performance

The stock has a 50-day moving average of $3.21 and a 200-day moving average of $3.51.

Mobile Infrastructure (NASDAQ:BEEP) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $8.83 million for the quarter.

Insiders Place Their Bets

In related news, Director Jeffrey Osher purchased 16,951 shares of Mobile Infrastructure stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of $3.39 per share, with a total value of $57,463.89. Following the completion of the transaction, the director now owns 51,951 shares of the company’s stock, valued at approximately $176,113.89. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Jeffrey Osher bought 16,951 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average cost of $3.39 per share, for a total transaction of $57,463.89. Following the completion of the acquisition, the director now owns 51,951 shares in the company, valued at $176,113.89. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Manuel Chavez III purchased 8,566 shares of the business’s stock in a transaction on Friday, May 24th. The stock was purchased at an average price of $3.49 per share, with a total value of $29,895.34. Following the purchase, the chief executive officer now owns 142,000 shares of the company’s stock, valued at $495,580. The disclosure for this purchase can be found here. Insiders have acquired 54,633 shares of company stock valued at $186,733 in the last three months. 46.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mobile Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC boosted its holdings in shares of Mobile Infrastructure by 49.8% during the 2nd quarter. CWM LLC now owns 27,565 shares of the company’s stock worth $95,000 after buying an additional 9,165 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of Mobile Infrastructure during the fourth quarter worth approximately $48,000. Atomi Financial Group Inc. lifted its holdings in Mobile Infrastructure by 28.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 57,074 shares of the company’s stock worth $196,000 after purchasing an additional 12,661 shares during the last quarter. Brookstone Capital Management boosted its stake in Mobile Infrastructure by 104.5% in the 2nd quarter. Brookstone Capital Management now owns 26,258 shares of the company’s stock valued at $90,000 after purchasing an additional 13,418 shares during the period. Finally, Centaurus Financial Inc. grew its holdings in Mobile Infrastructure by 21.1% in the 4th quarter. Centaurus Financial Inc. now owns 79,007 shares of the company’s stock valued at $320,000 after buying an additional 13,764 shares in the last quarter. Institutional investors own 84.30% of the company’s stock.

Mobile Infrastructure Company Profile

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.