Riverbridge Partners LLC grew its stake in shares of Mobile Mini, Inc. (NASDAQ:MINI) by 53.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,330,145 shares of the industrial products company’s stock after acquiring an additional 464,332 shares during the period. Riverbridge Partners LLC owned 3.03% of Mobile Mini worth $45,823,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of MINI. BlackRock Inc. increased its stake in 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 acquiring an additional 5,416,095 shares during the last quarter. Northern Trust Corp boosted its position in Mobile Mini by 30.9% in the second quarter. Northern Trust Corp now owns 1,839,418 shares of the industrial products company’s stock valued at $54,907,000 after buying an additional 434,522 shares in the last quarter. SG Capital Management LLC acquired a new stake in Mobile Mini in the second quarter valued at approximately $9,900,000. Vanguard Group Inc. boosted its position in 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 in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Mobile Mini by 44.0% during the second quarter. Deprince Race & Zollo Inc. now owns 887,833 shares of the industrial products company’s stock worth $26,502,000 after purchasing an additional 271,423 shares during the period.
Mobile Mini, Inc. (MINI) traded down $0.65 during trading on Thursday, reaching $33.00. 175,800 shares of the company were exchanged, compared to its average volume of 204,709. The company has a market cap of $1,491.59, a price-to-earnings ratio of 27.14, a PEG ratio of 2.17 and a beta of 2.31. Mobile Mini, Inc. has a twelve month low of $26.70 and a twelve month high of $37.05. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.38.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.05). The company had revenue of $136.64 million during the quarter, compared to the consensus estimate of $133.73 million. Mobile Mini had a return on equity of 7.17% and a net margin of 9.59%. Mobile Mini’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. research analysts anticipate that Mobile Mini, Inc. will post 1.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.227 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.91 annualized dividend and a yield of 2.75%. Mobile Mini’s payout ratio is currently 81.25%.
Several equities analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $38.00 target price on shares of Mobile Mini in a report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $34.00 price target on shares of Mobile Mini in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Mobile Mini from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. SunTrust Banks, Inc. reissued a “hold” rating on shares of Mobile Mini in a research report on Sunday, October 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Mobile Mini in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.00.
Mobile Mini Company Profile
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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