Tidal Investments LLC Makes New Investment in Mobility Global, Inc. $MBGL

Tidal Investments LLC bought a new stake in shares of Mobility Global, Inc. (NYSE:MBGL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 512,310 shares of the company’s stock, valued at approximately $11,253,000.

Separately, Advisors Preferred LLC purchased a new position in shares of Mobility Global during the second quarter valued at approximately $36,000.

Mobility Global Stock Down 0.0%

Shares of Mobility Global stock opened at $20.18 on Friday. The company has a market capitalization of $5.97 billion and a P/E ratio of 112.14. The firm’s 50 day moving average is $20.40. Mobility Global, Inc. has a twelve month low of $17.67 and a twelve month high of $26.00. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

Mobility Global (NYSE:MBGL) last issued its 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 during the quarter. Sell-side analysts expect that Mobility Global, Inc. will post 1.52 EPS for the current fiscal year.

Mobility Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 27th. Mobility Global’s dividend payout ratio (DPR) is 133.33%.

Analyst Ratings Changes

Several research firms recently weighed in on MBGL. Robert W. Baird cut their price target on Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Wells Fargo & Company dropped their target price on Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Citigroup initiated coverage on Mobility Global in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 target price on the stock. Wolfe Research upgraded Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Finally, UBS Group set a $23.00 price target on shares of Mobility Global in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Mobility Global currently has a consensus rating of “Hold” and a consensus price target of $22.75.

Insider Activity

In other news, Director Mark Peek acquired 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of $19.50 per share, with a total value of $487,500.00. Following the completion of the acquisition, the director directly owned 35,000 shares of the company’s stock, valued at approximately $682,500. The trade was a 250.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders acquired 50,000 shares of company stock valued at $980,550.

About Mobility Global

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.