Lifetime Wealth Management P.C. Buys New Holdings in Mobility Global, Inc. $MBGL

Lifetime Wealth Management P.C. bought a new position in Mobility Global, Inc. (NYSE:MBGL) during the 3rd quarter, HoldingsChannel reports. The fund bought 100,000 shares of the company’s stock, valued at approximately $1,715,000. Mobility Global makes up 1.0% of Lifetime Wealth Management P.C.’s investment portfolio, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Trust Services Inc. purchased a new stake in Mobility Global during the 3rd quarter valued at $25,000. Sterling Capital Management LLC bought a new stake in Mobility Global in the 3rd quarter worth $26,000. SBI Securities Co. Ltd. bought a new stake in Mobility Global in the 3rd quarter worth $28,000. CX Institutional purchased a new position in shares of Mobility Global in the third quarter valued at about $30,000. Finally, Advisors Preferred LLC purchased a new position in shares of Mobility Global in the second quarter valued at about $36,000.

Mobility Global Trading Up 0.3%

Shares of MBGL opened at $18.97 on Monday. The company’s 50-day moving average is $19.03. The company has a market cap of $5.62 billion and a price-to-earnings ratio of 105.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. Mobility Global, Inc. has a 1-year low of $16.95 and a 1-year high of $26.00.

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 company had revenue of $468.00 million for the quarter. On average, research analysts forecast that Mobility Global, Inc. will post 1.52 EPS for the current fiscal year.

Mobility Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, November 30th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, November 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. Mobility Global’s dividend payout ratio is 133.33%.

Insider Buying and Selling at Mobility Global

In other news, Director Mark Peek bought 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $19.50 per share, with a total value of $487,500.00. Following the transaction, the director owned 35,000 shares of the company’s stock, valued at approximately $682,500. The trade was a 250.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders purchased 50,000 shares of company stock worth $980,550.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MBGL. Evercore assumed coverage on shares of Mobility Global in a research note on Wednesday, September 9th. They set an “in-line” rating and a $22.00 price objective for the company. Barclays initiated coverage on Mobility Global in a research note on Tuesday, September 1st. They issued an “equal weight” rating and a $23.00 target price on the stock. Wells Fargo & Company lowered their price target on Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Citigroup initiated coverage on Mobility Global in a report on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, Weiss Ratings upgraded Mobility Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.20.

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.