Mobile Mini Inc (NASDAQ:MINI) Director Jeffrey S. Goble sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $44.44, for a total value of $222,200.00. Following the sale, the director now directly owns 15,503 shares in the company, valued at $688,953.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Mobile Mini Inc (NASDAQ:MINI) traded down $0.55 during trading on Wednesday, hitting $44.00. The stock had a trading volume of 175,043 shares, compared to its average volume of 218,377. The stock has a market capitalization of $1,980.48, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.92 and a beta of 2.06. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.35. Mobile Mini Inc has a 52-week low of $26.70 and a 52-week high of $46.10.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The firm had revenue of $146.70 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. sell-side analysts forecast that Mobile Mini Inc will post 1.65 earnings per share for the current fiscal year.
A number of equities research analysts have commented on MINI shares. BidaskClub raised Mobile Mini from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Zacks Investment Research raised Mobile Mini from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Thursday, February 8th. Needham & Company LLC raised their price target on Mobile Mini from $38.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. SunTrust Banks raised their price target on Mobile Mini to $44.00 and gave the company a “hold” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Finally, Robert W. Baird set a $46.00 price target on Mobile Mini and gave the company a “hold” rating in a report on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Mobile Mini has a consensus rating of “Buy” and a consensus price target of $45.71.
Several institutional investors have recently modified their holdings of MINI. Jennison Associates LLC grew its position in shares of Mobile Mini by 13.3% during the fourth quarter. Jennison Associates LLC now owns 3,300,023 shares of the industrial products company’s stock valued at $113,851,000 after purchasing an additional 388,252 shares in the last quarter. Tygh Capital Management Inc. purchased a new position in shares of Mobile Mini during the fourth quarter valued at about $5,374,000. BlackRock Inc. grew its position in shares of Mobile Mini by 2.8% during the fourth quarter. BlackRock Inc. now owns 5,575,819 shares of the industrial products company’s stock valued at $192,366,000 after purchasing an additional 153,640 shares in the last quarter. Deutsche Bank AG grew its position in shares of Mobile Mini by 110.3% during the fourth quarter. Deutsche Bank AG now owns 116,805 shares of the industrial products company’s stock valued at $4,028,000 after purchasing an additional 61,258 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Mobile Mini during the fourth quarter valued at about $2,094,000.
About Mobile Mini
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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