Dark Forest Capital Management LP Acquires New Shares in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Dark Forest Capital Management LP bought a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,827 shares of the company's stock, valued at approximately $797,000.

Other institutional investors also recently made changes to their positions in the company. Carnegie Lake Advisors LLC increased its position in shares of WillScot Mobile Mini by 0.5% in the fourth quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company's stock valued at $1,826,000 after buying an additional 280 shares in the last quarter. Sciencast Management LP grew its stake in WillScot Mobile Mini by 0.9% in the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company's stock valued at $1,905,000 after acquiring an additional 491 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in WillScot Mobile Mini by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after acquiring an additional 1,113 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock valued at $219,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Levin Capital Strategies L.P. grew its position in shares of WillScot Mobile Mini by 17.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 8,770 shares of the company's stock valued at $293,000 after purchasing an additional 1,272 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at WillScot Mobile Mini

In related news, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Timothy D. Boswell bought 5,000 shares of WillScot Mobile Mini stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the acquisition, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. The trade was a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on WSC. Robert W. Baird lowered their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Barclays decreased their price objective 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. Morgan Stanley cut 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 research note on Wednesday, April 16th. Finally, Oppenheimer decreased their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" 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. Based on data from MarketBeat, WillScot Mobile Mini has an average rating of "Moderate Buy" and an average target price of $40.50.

WillScot Mobile Mini Trading Down 1.7 %

Shares of WillScot Mobile Mini stock traded down $0.42 during trading hours on Wednesday, hitting $24.73. The company's stock had a trading volume of 347,455 shares, compared to its average volume of 2,722,823. The business has a fifty day moving average of $27.85 and a 200 day moving average of $33.59. WillScot Mobile Mini Holdings Corp. has a 1-year low of $21.91 and a 1-year high of $43.80. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $4.54 billion, a PE ratio of 164.63, a P/E/G ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. As a group, equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The firm also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is presently 186.67%.

About WillScot Mobile Mini

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.