Mobility Global, Inc. (NYSE:MBGL) Shares Will Pay Quarterly Dividend of $0.06

Key Points

• Mobility Global declared a quarterly dividend of $0.06 per share, payable December 14 to shareholders of record on November 30. The dividend is annualized at $0.24, yielding approximately 1.3%.
• Shares recently traded at $19.10, giving the company a market capitalization of $5.65 billion and a high price-to-earnings ratio of 106.54. The company reported quarterly EPS of $0.18 on revenue of $468 million.
• Insider and institutional interest has increased: insiders acquired 50,000 shares over the past 90 days, while several investment firms established new positions worth millions of dollars.

Mobility Global, Inc. (NYSE:MBGL - Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Monday, November 30th will be paid a dividend of $0.06 per share on Monday, December 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, November 30th.

Mobility Global Price Performance

Shares of NYSE MBGL traded up $0.58 during midday trading on Thursday, reaching $19.10. 327,138 shares of the stock traded hands, compared to its average volume of 6,277,421. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $5.65 billion and a PE ratio of 106.54. Mobility Global has a one year low of $16.95 and a one year high of $26.00. The stock has a 50 day moving average of $19.23.

Mobility Global (NYSE:MBGL - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $468.00 million during the quarter. As a group, equities analysts forecast that Mobility Global will post 1.52 EPS for the current year.

Insiders Place Their Bets

In related news, Director Mark Peek purchased 15,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of $19.87 per share, for a total transaction of $298,050.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at $993,500. This represents a 42.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders acquired 50,000 shares of company stock worth $980,550.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ninety One UK Ltd purchased a new stake in shares of Mobility Global in the third quarter valued at $15,245,000. Fenimore Asset Management Inc bought a new position in Mobility Global during the 3rd quarter valued at about $10,435,000. Tidal Investments LLC bought a new position in Mobility Global during the 2nd quarter valued at about $11,253,000. Douglas Lane & Associates LLC purchased a new stake in Mobility Global in the 3rd quarter worth about $2,139,000. Finally, Ninety One North America Inc. purchased a new stake in Mobility Global in the 3rd quarter worth about $1,117,000.

Mobility Global Company Profile

Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.

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