Rhumbline Advisers reduced its position in Mobile Mini Inc (NASDAQ:MINI) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 107,975 shares of the industrial products company’s stock after selling 3,290 shares during the quarter. Rhumbline Advisers’ holdings in Mobile Mini were worth $4,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Mobile Mini in the 2nd quarter valued at $243,000. We Are One Seven LLC acquired a new position in shares of Mobile Mini in the 3rd quarter valued at $335,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Mobile Mini in the 2nd quarter valued at $443,000. SG Americas Securities LLC lifted its stake in shares of Mobile Mini by 79.5% in the 2nd quarter. SG Americas Securities LLC now owns 11,568 shares of the industrial products company’s stock valued at $543,000 after purchasing an additional 5,123 shares during the period. Finally, Laurion Capital Management LP acquired a new position in shares of Mobile Mini in the 2nd quarter valued at $703,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.
NASDAQ:MINI opened at $34.52 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 1.54 and a beta of 1.68. Mobile Mini Inc has a fifty-two week low of $32.40 and a fifty-two week high of $50.40.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings data on Friday, October 19th. The industrial products company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The company had revenue of $149.71 million during the quarter, compared to analysts’ expectations of $148.75 million. Mobile Mini had a net margin of 12.05% and a return on equity of 7.95%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, equities research analysts predict that Mobile Mini Inc will post 1.68 EPS for the current year.
The business also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Tuesday, November 13th. Mobile Mini’s dividend payout ratio is presently 86.21%.
Several equities analysts recently issued reports on the stock. ValuEngine cut shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Needham & Company LLC upped their price objective on shares of Mobile Mini to $55.00 and gave the stock a “buy” rating in a research report on Monday, October 22nd. Berenberg Bank began coverage on shares of Mobile Mini in a research report on Wednesday, September 19th. They set a “buy” rating and a $53.00 price objective for the company. BidaskClub upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. Finally, Zacks Investment Research upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $47.11.
Mobile Mini Company 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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