Mobility Global (NYSE:MBGL) Director Mark Peek Purchases 25,000 Shares of Stock

Mobility Global, Inc. (NYSE:MBGL) Director Mark Peek bought 25,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average price of $19.50 per share, with a total value of $487,500.00. Following the purchase, the director owned 35,000 shares of the company’s stock, valued at approximately $682,500. This represents a 250.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Mobility Global Stock Performance

NYSE:MBGL opened at $19.83 on Friday. Mobility Global, Inc. has a 12 month low of $17.67 and a 12 month high of $26.00. The firm has a market capitalization of $5.87 billion and a P/E ratio of 110.18.

Mobility Global (NYSE:MBGL) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $468.00 million for the quarter. Analysts predict that Mobility Global, Inc. will post 1.45 EPS for the current fiscal year.

Mobility Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 27th.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MBGL. UBS Group set a $23.00 price target on Mobility Global in a report on Thursday, July 2nd. Royal Bank Of Canada began coverage on shares of Mobility Global in a report on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 price objective on the stock. Wall Street Zen upgraded shares of Mobility Global to a “hold” rating in a research report on Saturday, July 18th. Robert W. Baird lowered their target price on shares of Mobility Global from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Monday. Finally, Zacks Research raised shares of Mobility Global to a “hold” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.80.

Institutional Trading of Mobility Global

A hedge fund recently bought a new position in Mobility Global stock. Advisors Preferred LLC purchased a new position in shares of Mobility Global, Inc. (NYSE:MBGL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,800 shares of the company’s stock, valued at approximately $36,000.

Mobility Global Company Profile

Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.