First Wilshire Securities Management Inc. decreased its stake in Mobile Mini, Inc. (NASDAQ:MINI) by 0.4% during the first quarter, Holdings Channel reports. The fund owned 182,720 shares of the industrial products company’s stock after selling 649 shares during the period. Mobile Mini accounts for about 1.6% of First Wilshire Securities Management Inc.’s holdings, making the stock its 23rd largest position. First Wilshire Securities Management Inc.’s holdings in Mobile Mini were worth $5,573,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted 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 valued at $165,361,000 after buying an additional 5,416,095 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Mobile Mini during the first quarter valued at approximately $18,801,000. Vanguard Group Inc. boosted its stake in shares of Mobile Mini by 8.1% in 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 during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Mobile Mini by 1,171.2% in the first quarter. Russell Investments Group Ltd. now owns 273,894 shares of the industrial products company’s stock valued at $8,354,000 after buying an additional 252,348 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Mobile Mini during the fourth quarter valued at approximately $7,397,000.
Shares of Mobile Mini, Inc. (NASDAQ MINI) traded down 0.34% during mid-day trading on Friday, reaching $29.10. The company’s stock had a trading volume of 327,444 shares. The company’s 50-day moving average is $28.36 and its 200 day moving average is $30.28. Mobile Mini, Inc. has a 1-year low of $23.40 and a 1-year high of $38.13. The firm has a market capitalization of $1.28 billion, a P/E ratio of 27.98 and a beta of 2.24.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $123.53 million during the quarter, compared to the consensus estimate of $124.31 million. Mobile Mini had a return on equity of 7.67% and a net margin of 9.14%. Mobile Mini’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. On average, analysts expect that Mobile Mini, Inc. will post $1.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th were given a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a yield of 3.12%. The ex-dividend date was Monday, May 15th. Mobile Mini’s payout ratio is 86.67%.
Separately, Zacks Investment Research cut Mobile Mini from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th.
About Mobile Mini
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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