Mobile Mini (NASDAQ:MINI) Lifted to “Hold” at BidaskClub
Other equities research analysts also recently issued reports about the stock. Credit Suisse Group lowered their price target on shares of Mobile Mini from $40.00 to $38.00 and set a neutral rating for the company in a report on Friday, July 26th. Robert W. Baird set a $41.00 price target on shares of Mobile Mini and gave the stock a hold rating in a report on Friday, July 26th. Noble Financial upgraded shares of Mobile Mini from a market perform rating to an outperform rating in a report on Thursday, May 23rd. Stifel Nicolaus started coverage on shares of Mobile Mini in a report on Wednesday, August 21st. They set a buy rating and a $36.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Mobile Mini from a sell rating to a hold rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Mobile Mini has a consensus rating of Hold and an average target price of $43.43.
Shares of NASDAQ MINI traded up $0.43 during midday trading on Thursday, reaching $35.20. 253,645 shares of the stock were exchanged, compared to its average volume of 311,725. The company has a market capitalization of $1.48 billion, a P/E ratio of 21.49, a P/E/G ratio of 1.23 and a beta of 1.63. Mobile Mini has a 52-week low of $29.02 and a 52-week high of $44.56. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average price of $31.93 and a 200-day moving average price of $33.13.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.10 dividend on an annualized basis and a yield of 3.13%. Mobile Mini’s payout ratio is 67.07%.
Institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC grew its holdings in Mobile Mini by 67.7% in the second quarter. Quantamental Technologies LLC now owns 3,266 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 1,318 shares during the period. Alpha Windward LLC acquired a new position in Mobile Mini during the second quarter valued at approximately $475,000. Envestnet Asset Management Inc. lifted its position in Mobile Mini by 17.5% during the second quarter. Envestnet Asset Management Inc. now owns 24,683 shares of the industrial products company’s stock valued at $751,000 after buying an additional 3,682 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its position in Mobile Mini by 6.0% during the second quarter. Measured Wealth Private Client Group LLC now owns 9,855 shares of the industrial products company’s stock valued at $300,000 after buying an additional 560 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Mobile Mini by 1.7% during the second quarter. Fisher Asset Management LLC now owns 605,337 shares of the industrial products company’s stock valued at $18,420,000 after buying an additional 10,350 shares in the last quarter. Hedge funds and other institutional investors own 95.31% of the company’s stock.
About Mobile Mini
Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.
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