Prospect Capital Advisors LLC Reduces Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Prospect Capital Advisors LLC reduced its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 47.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,000 shares of the company’s stock after selling 170,050 shares during the period. WillScot Mobile Mini comprises 3.6% of Prospect Capital Advisors LLC’s holdings, making the stock its 13th biggest position. Prospect Capital Advisors LLC owned about 0.10% of WillScot Mobile Mini worth $6,188,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Jones Financial Companies Lllp raised its position in WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after acquiring an additional 1,113 shares during the period. Canada Pension Plan Investment Board acquired a new position in WillScot Mobile Mini during the fourth quarter worth $154,000. Headlands Technologies LLC acquired a new position in WillScot Mobile Mini during the fourth quarter worth $174,000. FourThought Financial Partners LLC acquired a new position in WillScot Mobile Mini during the fourth quarter worth $216,000. Finally, Stephens Inc. AR raised its position in WillScot Mobile Mini by 23.0% during the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company’s stock worth $219,000 after acquiring an additional 1,222 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WSC has been the subject of a number of research reports. Barclays dropped their target price on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, March 10th. Oppenheimer dropped their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Finally, Morgan Stanley upped their target price on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini presently has an average rating of “Moderate Buy” and an average target price of $40.63.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $29.97 on Thursday. WillScot Mobile Mini Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80. The stock has a market cap of $5.50 billion, a P/E ratio of 199.81, a PEG ratio of 2.18 and a beta of 1.28. The company has a 50-day moving average price of $26.84 and a 200 day moving average price of $32.87. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. WillScot Mobile Mini’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. Sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 311.11%.

Insiders Place Their Bets

In other WillScot Mobile Mini news, COO Timothy D. Boswell acquired 5,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the purchase, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. This trade represents a 17.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $26.79 per share, with a total value of $267,900.00. Following the purchase, the chief executive officer now owns 128,817 shares of the company’s stock, valued at approximately $3,451,007.43. This trade represents a 8.42% increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by insiders.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.