79,193 Shares of Mobility Global, Inc. $MBGL Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC bought a new position in Mobility Global, Inc. (NYSE:MBGL) during the third quarter, Holdings Channel.com reports. The fund bought 79,193 shares of the company’s stock, valued at approximately $1,358,000.

Other institutional investors have also modified their holdings of the company. Tidal Investments LLC bought a new stake in shares of Mobility Global during the second quarter valued at approximately $11,253,000. Douglas Lane & Associates LLC purchased a new stake in shares of Mobility Global in the third quarter valued at approximately $2,139,000. Ninety One North America Inc. bought a new position in Mobility Global in the third quarter worth approximately $1,117,000. Applied Capital LLC FL bought a new position in Mobility Global in the third quarter worth approximately $1,009,000. Finally, Ninety One UK Ltd bought a new position in Mobility Global in the third quarter worth approximately $15,245,000.

Insider Buying and Selling

In other Mobility Global news, Director Mark Peek acquired 25,000 shares of Mobility Global 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 purchase, the director directly owned 35,000 shares of the company’s stock, valued at approximately $682,500. This represents a 250.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 50,000 shares of company stock valued at $980,550 over the last ninety days.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wolfe Research upgraded Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Robert W. Baird lowered their target price on Mobility Global from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Barclays began coverage on Mobility Global in a research report on Tuesday, September 1st. They set an “equal weight” rating and a $23.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Mobility Global in a research report on Monday, September 28th. They set a “neutral” rating and a $21.00 price target on the stock. Finally, Bank of America initiated coverage on Mobility Global in a research note on Friday, August 21st. They set a “neutral” rating and a $23.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.20.

Mobility Global Stock Performance

NYSE:MBGL opened at $18.97 on Friday. Mobility Global, Inc. has a one year low of $16.95 and a one year high of $26.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a 50-day simple moving average of $19.03.

Mobility Global (NYSE:MBGL) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $468.00 million during the quarter. On average, research analysts forecast that Mobility Global, Inc. will post 1.52 earnings per share for the current year.

Mobility Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, November 30th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 30th. Mobility Global’s dividend payout ratio (DPR) is presently 133.33%.

Mobility Global Company Profile

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.