BNP Paribas Arbitrage SA lifted its position in Mobile Mini, Inc. (NASDAQ:MINI) by 51.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,377 shares of the industrial products company’s stock after purchasing an additional 7,922 shares during the period. BNP Paribas Arbitrage SA owned about 0.05% of Mobile Mini worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in MINI. Riverbridge Partners LLC increased its stake in shares of Mobile Mini by 53.6% in the third quarter. Riverbridge Partners LLC now owns 1,330,145 shares of the industrial products company’s stock worth $45,823,000 after purchasing an additional 464,332 shares in the last quarter. Northern Trust Corp increased its stake in shares of Mobile Mini by 30.9% in the second quarter. Northern Trust Corp now owns 1,839,418 shares of the industrial products company’s stock worth $54,907,000 after purchasing an additional 434,522 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Mobile Mini by 10.8% in the third quarter. Jennison Associates LLC now owns 2,911,771 shares of the industrial products company’s stock worth $100,311,000 after purchasing an additional 282,723 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of Mobile Mini by 44.0% in the second quarter. Deprince Race & Zollo Inc. now owns 887,833 shares of the industrial products company’s stock worth $26,502,000 after purchasing an additional 271,423 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Mobile Mini by 16.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,256,085 shares of the industrial products company’s stock worth $37,494,000 after purchasing an additional 176,510 shares in the last quarter.

In related news, Director Stephen A. Mcconnell sold 4,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $36.10, for a total transaction of $144,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.50% of the stock is currently owned by corporate insiders.

Mobile Mini, Inc. (NASDAQ MINI) opened at $35.45 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.15 and a current ratio of 0.18. Mobile Mini, Inc. has a 12-month low of $26.70 and a 12-month high of $37.05. The firm has a market cap of $1,571.39, a price-to-earnings ratio of 28.59, a P/E/G ratio of 2.29 and a beta of 2.35.

Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, October 20th. The industrial products company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.05). Mobile Mini had a return on equity of 7.17% and a net margin of 9.59%. The company had revenue of $136.64 million for the quarter, compared to the consensus estimate of $133.73 million. During the same quarter in the prior year, the company posted $0.31 EPS. Mobile Mini’s revenue was up 6.0% compared to the same quarter last year. analysts expect that Mobile Mini, Inc. will post 1.11 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were given a dividend of $0.227 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.56%. Mobile Mini’s dividend payout ratio is 81.25%.

MINI has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price objective on shares of Mobile Mini in a research note on Friday, September 1st. Robert W. Baird restated a “hold” rating and set a $34.00 target price on shares of Mobile Mini in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. SunTrust Banks restated a “hold” rating on shares of Mobile Mini in a research report on Sunday, October 22nd. Finally, KeyCorp restated a “hold” rating on shares of Mobile Mini in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $37.00.

WARNING: This story was reported by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.watchlistnews.com/bnp-paribas-arbitrage-sa-has-805000-stake-in-mobile-mini-inc-mini/1742445.html.

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.

Institutional Ownership by Quarter for Mobile Mini (NASDAQ:MINI)

Receive News & Ratings for Mobile Mini Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile Mini Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.