512,310 Shares in Mobility Global, Inc. $MBGL Acquired by Tidal Investments LLC

Key Points

• Tidal Investments acquired 512,310 shares of Mobility Global during the second quarter, valued at approximately $11.3 million and representing a 0.17% stake.
• Analysts maintain a consensus “Hold” rating on MBGL, with an average price target of $22.75; the stock recently traded at $20.18.
• Mobility Global reported quarterly earnings of $0.18 per share on $468 million in revenue and declared a $0.06 quarterly dividend, equal to a 1.2% annual yield.

Tidal Investments LLC acquired a new stake in shares of Mobility Global, Inc. (NYSE:MBGL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 512,310 shares of the company's stock, valued at approximately $11,253,000. Tidal Investments LLC owned 0.17% of Mobility Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Advisors Preferred LLC bought a new stake in Mobility Global in the 2nd quarter worth approximately $36,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MBGL. Wells Fargo & Company cut 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. Citigroup assumed coverage on shares of Mobility Global in a research note on Tuesday, August 11th. They issued a "neutral" rating and a $23.00 price target for the company. Robert W. Baird cut their price target on shares of Mobility Global from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Monday, August 10th. UBS Group set a $23.00 price objective on Mobility Global in a research note on Thursday, July 2nd. Finally, Wall Street Zen upgraded Mobility Global to a "hold" rating in a report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $22.75.

Mobility Global Stock Performance

Shares of MBGL stock opened at $20.18 on Friday. 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, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $26.00. The company has a market cap of $5.97 billion and a price-to-earnings ratio of 112.14. The stock has a 50 day simple moving average of $20.40.

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

Mobility Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, August 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. Mobility Global's payout ratio is currently 133.33%.

Insiders Place Their Bets

In other news, Director Mark Peek acquired 15,000 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $19.87 per share, for a total transaction of $298,050.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at $993,500. This trade represents a 42.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 50,000 shares of company stock valued at $980,550 over the last 90 days.

About Mobility Global

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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