Mobile Mini Sees Unusually High Options Volume (MINI)

Mobile Mini Inc (NASDAQ:MINI) saw some unusual options trading on Friday. Investors acquired 945 put options on the company. This is an increase of 1,618% compared to the typical daily volume of 55 put options.

Mobile Mini (NASDAQ:MINI) opened at $41.15 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.19 and a quick ratio of 0.17. The company has a market capitalization of $1,825.87, a P/E ratio of 35.17, a price-to-earnings-growth ratio of 1.78 and a beta of 2.29. Mobile Mini has a 12 month low of $26.70 and a 12 month high of $46.10.

Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings results on Friday, February 2nd. The industrial products company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. The business had revenue of $146.70 million for the quarter, compared to analysts’ expectations of $140.60 million. Mobile Mini had a return on equity of 6.49% and a net margin of 22.91%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. equities analysts predict that Mobile Mini will post 1.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be paid a $0.25 dividend. This is a boost from Mobile Mini’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, February 27th. Mobile Mini’s payout ratio is 33.09%.

In related news, Director Stephen A. Mcconnell sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $36.10, for a total transaction of $144,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MINI. Teachers Advisors LLC increased its stake in Mobile Mini by 1.3% in the 2nd quarter. Teachers Advisors LLC now owns 78,608 shares of the industrial products company’s stock worth $2,346,000 after purchasing an additional 1,022 shares during the period. TIAA CREF Investment Management LLC increased its stake in Mobile Mini by 12.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 138,382 shares of the industrial products company’s stock worth $4,131,000 after purchasing an additional 15,100 shares during the period. UBS Asset Management Americas Inc. increased its stake in Mobile Mini by 73.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 17,703 shares of the industrial products company’s stock worth $528,000 after purchasing an additional 7,504 shares during the period. Vanguard Group Inc. increased its stake in Mobile Mini by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,145,434 shares of the industrial products company’s stock worth $123,741,000 after purchasing an additional 62,522 shares during the period. Finally, California Public Employees Retirement System increased its stake in Mobile Mini by 2.3% in the 2nd quarter. California Public Employees Retirement System now owns 86,100 shares of the industrial products company’s stock worth $2,570,000 after purchasing an additional 1,900 shares during the period.

A number of equities analysts recently weighed in on the company. Oppenheimer reissued a “buy” rating and set a $36.00 price objective on shares of Mobile Mini in a report on Monday, October 23rd. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of Mobile Mini in a report on Sunday, October 22nd. Deutsche Bank assumed coverage on Mobile Mini in a report on Tuesday, January 23rd. They set a “hold” rating and a $39.00 price objective on the stock. Zacks Investment Research raised Mobile Mini from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Sidoti raised Mobile Mini from a “neutral” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Monday, February 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $45.71.

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Mobile Mini Company Profile

Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.

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