Fisher Asset Management LLC raised its position in Mobile Mini Inc. (NASDAQ:MINI) by 7.1% during the third quarter, Holdings Channel reports. The firm owned 657,904 shares of the company’s stock after buying an additional 43,700 shares during the period. Fisher Asset Management LLC’s holdings in Mobile Mini were worth $19,869,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its position in Mobile Mini by 2.4% in the third quarter. Conestoga Capital Advisors LLC now owns 650,373 shares of the company’s stock worth $19,641,000 after buying an additional 15,385 shares during the last quarter. Macquarie Group Ltd. purchased a new position in Mobile Mini during the second quarter worth $1,665,000. Mason Street Advisors LLC purchased a new position in Mobile Mini during the second quarter worth $301,000. Public Employees Retirement System of Ohio boosted its position in Mobile Mini by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 55,279 shares of the company’s stock worth $1,915,000 after buying an additional 141 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Mobile Mini by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 176,556 shares of the company’s stock worth $6,116,000 after buying an additional 4,565 shares during the last quarter.
Mobile Mini Inc. (NASDAQ:MINI) traded up 0.64% during midday trading on Friday, reaching $31.55. 82,448 shares of the company traded hands. Mobile Mini Inc. has a 12 month low of $23.40 and a 12 month high of $38.13. The firm’s 50 day moving average price is $28.09 and its 200 day moving average price is $31.24. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 37.78 and a beta of 2.40.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $128.85 million for the quarter, compared to the consensus estimate of $132.63 million. Mobile Mini had a net margin of 7.27% and a return on equity of 7.41%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. On average, analysts expect that Mobile Mini Inc. will post $1.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 9th will be issued a dividend of $0.206 per share. The ex-dividend date is Monday, November 7th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.61%. Mobile Mini’s dividend payout ratio is currently 97.62%.
MINI has been the topic of a number of recent analyst reports. Needham & Company LLC cut their target price on shares of Mobile Mini from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Zacks Investment Research lowered shares of Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. TheStreet lowered shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $34.00 target price (up previously from $29.00) on shares of Mobile Mini in a research note on Monday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $36.33.
In other Mobile Mini news, CEO Erik Olsson purchased 3,000 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were acquired at an average price of $25.16 per share, for a total transaction of $75,480.00. Following the acquisition, the chief executive officer now owns 118,348 shares of the company’s stock, valued at $2,977,635.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.40% of the company’s stock.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It manages its business as two portable storage solutions business segments: North America and the U.K., and one specialty containment business segment.