16,257 Shares in Mobile Mini, Inc. (MINI) Acquired by Intrinsic Edge Capital Management LLC
Intrinsic Edge Capital Management LLC purchased a new position in Mobile Mini, Inc. (NASDAQ:MINI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,257 shares of the industrial products company’s stock, valued at approximately $485,000.
Several other large investors have also added to or reduced their stakes in MINI. BlackRock Inc. grew its stake in shares of Mobile Mini by 97,640.1% in the first quarter. BlackRock Inc. now owns 5,421,642 shares of the industrial products company’s stock worth $165,361,000 after purchasing an additional 5,416,095 shares in the last quarter. Northern Trust Corp boosted its stake in Mobile Mini by 30.9% during the second quarter. Northern Trust Corp now owns 1,839,418 shares of the industrial products company’s stock valued at $54,907,000 after buying an additional 434,522 shares in the last quarter. SG Capital Management LLC bought a new position in Mobile Mini during the second quarter valued at about $9,900,000. Vanguard Group Inc. boosted its stake in Mobile Mini by 8.1% during the first quarter. Vanguard Group Inc. now owns 4,082,912 shares of the industrial products company’s stock valued at $124,529,000 after buying an additional 304,886 shares in the last quarter. Finally, Deprince Race & Zollo Inc. boosted its stake in Mobile Mini by 44.0% during the second quarter. Deprince Race & Zollo Inc. now owns 887,833 shares of the industrial products company’s stock valued at $26,502,000 after buying an additional 271,423 shares in the last quarter.
In related news, Director Lawrence Trachtenberg sold 10,000 shares of Mobile Mini stock in a transaction on Monday, August 7th. The stock was sold at an average price of $31.59, for a total transaction of $315,900.00. Following the completion of the sale, the director now directly owns 38,181 shares of the company’s stock, valued at $1,206,137.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Funk sold 3,699 shares of Mobile Mini stock in a transaction on Monday, August 7th. The stock was sold at an average price of $31.52, for a total value of $116,592.48. Following the sale, the chief financial officer now directly owns 153,260 shares of the company’s stock, valued at $4,830,755.20. The disclosure for this sale can be found here. Insiders sold a total of 156,065 shares of company stock valued at $4,832,212 over the last three months. Insiders own 6.50% of the company’s stock.
Several research analysts recently weighed in on the company. BidaskClub cut Mobile Mini from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Robert W. Baird set a $34.00 target price on Mobile Mini and gave the company a “hold” rating in a research note on Sunday, September 10th. Zacks Investment Research cut Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. KeyCorp reaffirmed a “hold” rating on shares of Mobile Mini in a research note on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of Mobile Mini in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Mobile Mini currently has an average rating of “Hold” and an average target price of $35.33.
Shares of Mobile Mini, Inc. (NASDAQ MINI) traded down 1.13% on Friday, reaching $34.90. The company had a trading volume of 158,171 shares. The firm has a market cap of $1.53 billion, a P/E ratio of 30.32 and a beta of 2.27. The company has a 50-day moving average price of $31.63 and a 200-day moving average price of $29.94. Mobile Mini, Inc. has a one year low of $23.40 and a one year high of $37.05.
Mobile Mini (NASDAQ:MINI) last released its earnings results on Friday, July 21st. The industrial products company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). The firm had revenue of $126.70 million during the quarter, compared to analyst estimates of $126.03 million. Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. On average, analysts expect that Mobile Mini, Inc. will post $1.21 earnings per share for the current fiscal year.
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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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