Mobile Mini (MINI) Upgraded by BidaskClub to Buy
BidaskClub upgraded shares of Mobile Mini (NASDAQ:MINI) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.
MINI has been the topic of several other reports. ValuEngine lowered Mobile Mini from a buy rating to a hold rating in a research note on Thursday, July 26th. Credit Suisse Group assumed coverage on Mobile Mini in a research note on Friday. They issued a neutral rating and a $45.00 target price on the stock. Robert W. Baird upgraded Mobile Mini from a neutral rating to an outperform rating and boosted their target price for the company from $47.00 to $48.00 in a research note on Friday, July 27th. Zacks Investment Research lowered Mobile Mini from a hold rating to a sell rating in a research note on Saturday, June 23rd. Finally, MED restated a sell rating on shares of Mobile Mini in a research note on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $45.88.
Shares of Mobile Mini traded down $0.05, reaching $45.95, during trading hours on Friday, Marketbeat reports. The company had a trading volume of 285,846 shares, compared to its average volume of 203,512. Mobile Mini has a 12 month low of $28.10 and a 12 month high of $50.40. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2.05 billion, a PE ratio of 39.61, a P/E/G ratio of 1.97 and a beta of 1.93.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 29th. Stockholders of record on Wednesday, August 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, August 14th. Mobile Mini’s dividend payout ratio (DPR) is presently 86.21%.
In other news, Director Stephen A. Mcconnell sold 20,000 shares of Mobile Mini stock in a transaction on Monday, May 21st. The stock was sold at an average price of $46.87, for a total value of $937,400.00. Following the completion of the transaction, the director now directly owns 94,789 shares in the company, valued at $4,442,760.43. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.30% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc grew its position in shares of Mobile Mini by 2.8% in the second quarter. Legal & General Group Plc now owns 96,290 shares of the industrial products company’s stock valued at $4,518,000 after purchasing an additional 2,610 shares in the last quarter. BlackRock Inc. grew its position in shares of Mobile Mini by 11.0% in the second quarter. BlackRock Inc. now owns 6,298,067 shares of the industrial products company’s stock valued at $295,379,000 after purchasing an additional 624,210 shares in the last quarter. Tygh Capital Management Inc. grew its position in shares of Mobile Mini by 105.5% in the second quarter. Tygh Capital Management Inc. now owns 263,058 shares of the industrial products company’s stock valued at $12,337,000 after purchasing an additional 135,080 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Mobile Mini in the second quarter valued at $774,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Mobile Mini by 3.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 312,401 shares of the industrial products company’s stock valued at $14,652,000 after purchasing an additional 11,266 shares in the last quarter. Institutional investors own 97.88% of the company’s stock.
Mobile Mini Company Profile
Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.
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