Ninety One North America Inc. Buys 65,126 Shares of Mobility Global, Inc. $MBGL

Key Points

• Ninety One North America acquired 65,126 Mobility Global shares worth approximately $1.12 million during the third quarter. Other institutional investors also initiated smaller positions, while insiders purchased 50,000 shares worth $980,550 over the past 90 days.
• Mobility Global reported quarterly EPS of $0.18 on revenue of $468 million. The company maintains a quarterly dividend of $0.06 per share, equivalent to an annualized yield of about 1.3%.
• MBGL recently traded at $18.59, below its 50-day moving average of $19.34 and its one-year high of $26.00. Analysts have a consensus “Hold” rating and an average price target of $22.20.

Ninety One North America Inc. purchased 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 disclosure with the Securities & Exchange Commission. The institutional investor purchased 65,126 shares of the company's stock, valued at approximately $1,117,000.

A number of other institutional investors have also bought and sold shares of the company. Wealth Enhancement Trust Services Inc. bought a new position in shares of Mobility Global in the 3rd quarter worth about $25,000. CX Institutional acquired a new position in shares of Mobility Global in the 3rd quarter valued at about $30,000. Advisors Preferred LLC acquired a new position in shares of Mobility Global in the 2nd quarter valued at about $36,000. Ashurst Perkins Coie Trust Co bought a new stake in shares of Mobility Global during the 3rd quarter valued at about $38,000. Finally, Eastern Bank bought a new stake in shares of Mobility Global during the 3rd quarter valued at about $55,000.

Insider Buying and Selling

In other news, Director Mark Peek acquired 15,000 shares of Mobility Global stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $19.87 per share, with a total value of $298,050.00. Following the completion of the purchase, the director owned 50,000 shares of the company's stock, valued at approximately $993,500. The trade was a 42.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 50,000 shares of company stock valued at $980,550 over the last ninety days.

Mobility Global Price Performance

Shares of MBGL stock traded up $0.74 on Thursday, reaching $18.59. 1,265,835 shares of the company were exchanged, compared to its average volume of 6,487,207. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm has a 50-day simple moving average of $19.34. The stock has a market capitalization of $5.50 billion and a P/E ratio of 103.31. Mobility Global, Inc. has a one year low of $16.95 and a one year high of $26.00.

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

Mobility Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 27th. Mobility Global's dividend payout ratio (DPR) is 133.33%.

Analysts Set New Price Targets

MBGL has been the subject of several recent analyst reports. Zacks Research raised Mobility Global to a "hold" rating in a research note on Thursday, July 30th. Robert W. Baird dropped their price target on Mobility Global from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Monday, August 10th. UBS Group set a $23.00 price target on Mobility Global in a research note on Thursday, July 2nd. Bank of America started coverage on Mobility Global in a report on Friday, August 21st. They set a "neutral" rating and a $23.00 price target on the stock. Finally, Barclays initiated coverage on Mobility Global in a report on Tuesday, September 1st. They set an "equal weight" rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mobility Global currently has a consensus rating of "Hold" and a consensus price target of $22.20.

Mobility Global 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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