1,723,240 Shares in Mobility Global, Inc. $MBGL Bought by Deroy & Devereaux Private Investment Counsel Inc.

Key Points

• Deroy & Devereaux acquired 1.72 million Mobility Global shares worth approximately $29.6 million, representing a 0.58% stake. Several other institutional investors also initiated positions during the second and third quarters.
• Mobility Global shares opened at $18.70, near the lower end of their 52-week range. The company reported quarterly EPS of $0.18 on revenue of $468 million, while analysts expect full-year EPS of $1.52.
• The company declared a quarterly dividend of $0.06 per share, equal to an annualized $0.24 and a 1.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $22.20, while insiders purchased 50,000 shares in the latest quarter.

Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Mobility Global, Inc. (NYSE:MBGL - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,723,240 shares of the company's stock, valued at approximately $29,554,000. Deroy & Devereaux Private Investment Counsel Inc. owned 0.58% of Mobility Global at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MBGL. Ninety One UK Ltd purchased a new position 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 in the 3rd quarter worth about $10,435,000. Tidal Investments LLC bought a new position in Mobility Global in the 2nd quarter worth about $11,253,000. Douglas Lane & Associates LLC bought a new position in Mobility Global in the 3rd quarter worth about $2,139,000. Finally, Yousif Capital Management LLC purchased a new position in Mobility Global during the 3rd quarter valued at about $1,358,000.

Mobility Global Trading Down 0.3%

Shares of MBGL stock opened at $18.70 on Tuesday. Mobility Global, Inc. has a 52-week low of $16.95 and a 52-week high of $26.00. The stock has a fifty day simple moving average of $19.18. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

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

Mobility Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. Mobility Global's payout ratio is presently 133.33%.

Insider Buying and Selling at Mobility Global

In related news, Director Mark Peek bought 25,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average cost of $19.50 per share, with a total value of $487,500.00. Following the completion of the purchase, the director directly owned 35,000 shares of the company's stock, valued at $682,500. This trade represents a 250.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased 50,000 shares of company stock valued at $980,550 in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MBGL. Barclays began coverage on Mobility Global in a research report on Tuesday, September 1st. They set an "equal weight" rating and a $23.00 price target on the stock. Morgan Stanley started coverage on shares of Mobility Global in a research report on Friday, October 9th. They issued an "equal weight" rating and a $19.00 price objective for the company. Wall Street Zen upgraded shares of Mobility Global to a "hold" rating in a research report on Saturday, July 18th. Wells Fargo & Company reduced their price objective on shares of Mobility Global from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Finally, Royal Bank Of Canada started coverage on shares of Mobility Global in a report on Thursday, July 2nd. They set a "sector perform" rating and a $23.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Mobility Global has an average rating of "Hold" and an average price target of $22.20.

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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