Ananym Capital Management LP Invests $12.74 Million in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Ananym Capital Management LP bought a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 380,985 shares of the company's stock, valued at approximately $12,744,000. WillScot Mobile Mini makes up 7.0% of Ananym Capital Management LP's holdings, making the stock its 8th biggest position. Ananym Capital Management LP owned 0.21% of WillScot Mobile Mini at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. 1248 Management LLC acquired a new stake in WillScot Mobile Mini in the 4th quarter worth $645,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of WillScot Mobile Mini during the 4th quarter worth approximately $222,000. Nexpoint Asset Management L.P. bought a new position in shares of WillScot Mobile Mini in the 4th quarter worth $350,000. Freestone Grove Partners LP acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth about $282,000. Finally, One68 Global Capital LLC bought a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $836,000. Institutional investors and hedge funds own 95.81% of the company's stock.

Insider Activity

In related news, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the transaction, the chief operating officer now directly owns 34,156 shares in the company, valued at approximately $995,305.84. The trade was a 17.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the sale, the director now directly owns 626,306 shares of the company's stock, valued at $18,908,178.14. The trade was a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.30% of the company's stock.

WillScot Mobile Mini Price Performance

Shares of WillScot Mobile Mini stock traded down $0.50 during trading on Tuesday, reaching $26.54. 1,482,318 shares of the stock traded hands, compared to its average volume of 2,713,102. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 176.95, a P/E/G ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a 52-week low of $21.91 and a 52-week high of $43.80. The business has a fifty day simple moving average of $27.20 and a two-hundred day simple moving average of $33.28. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. During the same period last year, the company earned $0.29 EPS. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. Sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.06%. WillScot Mobile Mini's payout ratio is currently 311.11%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WSC. Morgan Stanley reduced their target price on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Oppenheimer decreased their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Barclays decreased their price target on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Finally, Robert W. Baird decreased their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini currently has an average rating of "Moderate Buy" and an average price target of $40.50.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.