Insider Buying: Mobility Global (NYSE:MBGL) Director Purchases 15,000 Shares of Stock

Mobility Global, Inc. (NYSE:MBGL) Director Mark Peek bought 15,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $19.87 per share, for a total transaction of $298,050.00. Following the completion of the acquisition, the director owned 50,000 shares of the company’s stock, valued at approximately $993,500. This trade represents a 42.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mobility Global Stock Up 1.1%

Shares of MBGL stock traded up $0.21 on Thursday, hitting $19.83. The stock had a trading volume of 3,749,713 shares, compared to its average volume of 9,945,265. Mobility Global, Inc. has a twelve month low of $17.67 and a twelve month high of $26.00. The firm has a market capitalization of $5.87 billion and a price-to-earnings ratio of 110.18.

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

Mobility Global Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MBGL. Wolfe Research upgraded shares of Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. UBS Group set a $23.00 price objective on shares of Mobility Global in a research report on Thursday, July 2nd. Royal Bank Of Canada began coverage on Mobility Global in a report on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 target price for the company. Citigroup assumed coverage on Mobility Global in a report on Tuesday. They set a “neutral” rating and a $23.00 target price for the company. Finally, Wells Fargo & Company cut their price target on Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.80.

Institutional Trading of Mobility Global

An institutional investor recently bought a new position in Mobility Global stock. Advisors Preferred LLC acquired a new position in Mobility Global, Inc. (NYSE:MBGL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.