Manuel Chavez III Purchases 5,442 Shares of Mobile Infrastructure Co. (NASDAQ:BEEP) Stock

Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III bought 5,442 shares of the stock in a transaction on Monday, April 22nd. The stock was purchased at an average price of $3.44 per share, for a total transaction of $18,720.48. Following the completion of the purchase, the chief executive officer now directly owns 111,682 shares in the company, valued at $384,186.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Manuel Chavez III also recently made the following trade(s):

• On Thursday, April 18th, Manuel Chavez III bought 33,043 shares of Mobile Infrastructure stock. The stock was purchased at an average price of $3.41 per share, for a total transaction of $112,676.63.
• On Tuesday, April 16th, Manuel Chavez III bought 1,220 shares of Mobile Infrastructure stock. The stock was purchased at an average price of $3.49 per share, for a total transaction of $4,257.80.

Mobile Infrastructure Trading Down 0.6 %

NASDAQ BEEP opened at $3.48 on Thursday. Mobile Infrastructure Co. has a 1 year low of $2.75 and a 1 year high of $20.12. The company’s 50 day simple moving average is $3.69 and its two-hundred day simple moving average is $3.91.

Mobile Infrastructure (NASDAQ:BEEP) last posted its earnings results on Thursday, March 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. The business had revenue of $7.89 million for the quarter.

Institutional Trading of Mobile Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wagner Wealth Management LLC purchased a new stake in shares of Mobile Infrastructure during the 3rd quarter valued at $35,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Mobile Infrastructure during the 4th quarter valued at $48,000. Simplicity Solutions LLC purchased a new stake in shares of Mobile Infrastructure during the 4th quarter valued at $70,000. Simplicity Wealth LLC purchased a new stake in shares of Mobile Infrastructure during the 1st quarter valued at $63,000. Finally, CWM LLC raised its position in shares of Mobile Infrastructure by 447.7% during the 4th quarter. CWM LLC now owns 18,408 shares of the company’s stock valued at $75,000 after buying an additional 15,047 shares in the last quarter. Hedge funds and other institutional investors own 84.30% of the company’s stock.

About Mobile Infrastructure

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet.