Sen. Sells Mobile Infrastructure Co. (NASDAQ:BEEP) Shares

Senator (R-Ohio) recently sold shares of Mobile Infrastructure Co. (NASDAQ:BEEP). In a filing disclosed on April 30th, the Senator disclosed that they had sold between $15,001 and $50,000 in Mobile Infrastructure stock on March 17th.

Mobile Infrastructure Stock Performance

Shares of BEEP opened at $4.00 on Friday. Mobile Infrastructure Co. has a one year low of $2.48 and a one year high of $4.86. The company has a 50-day simple moving average of $3.98 and a two-hundred day simple moving average of $3.75. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $169.68 million, a PE ratio of -4.44 and a beta of 0.49.

Mobile Infrastructure (NASDAQ:BEEP) last released its earnings results on Monday, March 10th. The company reported ($0.03) EPS for the quarter. Mobile Infrastructure had a negative net margin of 24.59% and a negative return on equity of 4.36%. During the same period in the previous year, the firm posted ($0.34) earnings per share. On average, analysts anticipate that Mobile Infrastructure Co. will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Mobile Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its position in Mobile Infrastructure by 40.5% during the 1st quarter. CWM LLC now owns 60,998 shares of the company’s stock valued at $254,000 after purchasing an additional 17,569 shares during the last quarter. Centaurus Financial Inc. lifted its stake in shares of Mobile Infrastructure by 5.3% in the fourth quarter. Centaurus Financial Inc. now owns 57,759 shares of the company’s stock worth $260,000 after buying an additional 2,894 shares in the last quarter. No Street GP LP grew its holdings in shares of Mobile Infrastructure by 49.1% during the fourth quarter. No Street GP LP now owns 24,296,528 shares of the company’s stock valued at $109,334,000 after buying an additional 7,997,842 shares during the last quarter. First Manhattan CO. LLC. increased its position in shares of Mobile Infrastructure by 31.6% during the fourth quarter. First Manhattan CO. LLC. now owns 105,342 shares of the company’s stock valued at $474,000 after acquiring an additional 25,291 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Mobile Infrastructure in the 4th quarter worth approximately $118,000. 84.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. B. Riley began coverage on shares of Mobile Infrastructure in a research report on Thursday, January 23rd. They issued a “buy” rating and a $5.00 target price on the stock. Maxim Group initiated coverage on shares of Mobile Infrastructure in a research note on Friday, February 21st. They set a “buy” rating and a $7.00 target price for the company. Finally, Piper Sandler began coverage on shares of Mobile Infrastructure in a report on Thursday, January 23rd. They set an “overweight” rating and a $5.00 target price for the company.

About Senator

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.