Mobility Global, Inc. $MBGL Shares Newly Bought by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors acquired 64,923 Mobility Global shares in the third quarter, valued at approximately $1.1 million. Several other institutional investors also initiated positions, including Ninety One UK, which bought a stake worth about $15.2 million.
• Analyst sentiment remains mixed: Mobility Global has an average rating of “Hold” and a consensus price target of $22.20, compared with its recent share price of $18.70.
• Mobility Global reported quarterly earnings of $0.18 per share on $468 million in revenue and declared a $0.06 quarterly dividend. Insiders have purchased 50,000 shares worth approximately $980,550 over the past three months.

Nisa Investment Advisors LLC acquired a new stake in Mobility Global, Inc. (NYSE:MBGL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 64,923 shares of the company's stock, valued at approximately $1,113,000.

Other hedge funds have also recently modified their holdings of the company. Tidal Investments LLC purchased a new position in Mobility Global during the second quarter valued at approximately $11,253,000. Douglas Lane & Associates LLC acquired a new position in Mobility Global in the third quarter valued at approximately $2,139,000. Ninety One North America Inc. purchased a new stake in Mobility Global in the 3rd quarter worth approximately $1,117,000. Applied Capital LLC FL purchased a new stake in Mobility Global in the 3rd quarter worth approximately $1,009,000. Finally, Ninety One UK Ltd purchased a new stake in Mobility Global in the 3rd quarter worth approximately $15,245,000.

Wall Street Analysts Forecast Growth

MBGL has been the topic of a number of analyst reports. UBS Group set a $23.00 price objective on shares of Mobility Global in a research note on Thursday, July 2nd. Bank of America started coverage on shares of Mobility Global in a research note on Friday, August 21st. They issued a "neutral" rating and a $23.00 target price for the company. Barclays assumed coverage on shares of Mobility Global in a research note on Tuesday, September 1st. They issued an "equal weight" rating and a $23.00 target price for the company. Wolfe Research raised shares of Mobility Global to a "strong-buy" rating in a report on Monday, July 20th. Finally, Citigroup started coverage on shares of Mobility Global in a research report on Tuesday, August 11th. They set a "neutral" rating and a $23.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $22.20.

Mobility Global Stock Down 0.3%

Shares of Mobility Global stock opened at $18.70 on Tuesday. 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 twelve month low of $16.95 and a twelve month high of $26.00. The company has a 50-day simple moving average of $19.18. The stock has a market cap of $5.53 billion and a price-to-earnings ratio of 103.86.

Mobility Global (NYSE:MBGL - Get Free Report) last released its quarterly 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. On average, sell-side analysts expect that Mobility Global, Inc. will post 1.52 EPS for the current year.

Mobility Global Announces Dividend

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

Insider Buying and Selling at Mobility Global

In other Mobility Global news, Director Mark Peek bought 25,000 shares of Mobility Global stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $19.50 per share, with a total value of $487,500.00. Following the purchase, the director directly owned 35,000 shares in the company, valued at $682,500. This represents a 250.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders purchased 50,000 shares of company stock worth $980,550.

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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