Thoma Capital Management LLC Takes $559,000 Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Thoma Capital Management LLC acquired a new position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,720 shares of the company's stock, valued at approximately $559,000.

Other large investors have also recently bought and sold shares of the company. Impax Asset Management Group plc purchased a new position in shares of WillScot Mobile Mini in the fourth quarter valued at $7,192,000. New York Life Investment Management LLC purchased a new position in shares of WillScot Mobile Mini in the fourth quarter valued at $679,000. Geneva Capital Management LLC purchased a new position in shares of WillScot Mobile Mini in the fourth quarter valued at $23,194,000. River Road Asset Management LLC increased its position in shares of WillScot Mobile Mini by 14.7% in the fourth quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock valued at $54,081,000 after buying an additional 206,962 shares in the last quarter. Finally, TCW Group Inc. increased its position in shares of WillScot Mobile Mini by 20.1% in the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company's stock valued at $1,553,000 after buying an additional 7,763 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WSC. Morgan Stanley raised their price target on WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Oppenheimer dropped their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Robert W. Baird decreased their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Barclays decreased their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Finally, William Blair reaffirmed a "market perform" rating on shares of WillScot Mobile Mini in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.63.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 10,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $26.79 per share, with a total value of $267,900.00. Following the purchase, the chief executive officer now owns 128,817 shares in the company, valued at approximately $3,451,007.43. This represents a 8.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the completion of the transaction, the director now directly owns 626,306 shares in the company, valued at $18,908,178.14. This represents a 14.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Price Performance

Shares of WSC traded down $0.34 during trading hours on Friday, reaching $26.95. 1,469,713 shares of the company traded hands, compared to its average volume of 2,698,607. The stock has a fifty day simple moving average of $26.42 and a 200 day simple moving average of $32.11. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $21.91 and a fifty-two week high of $43.80. The stock has a market capitalization of $4.92 billion, a PE ratio of 179.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. During the same period in the previous year, the business posted $0.29 earnings per share. The firm's quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's payout ratio is 311.11%.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.