Insider Buying: Mobility Global (NYSE:MBGL) Director Purchases 10,000 Shares of Stock

Key Points

• Mobility Global director Mark Peek purchased 10,000 shares at an average price of $19.50, investing $195,000 and becoming a direct shareholder.
• The company reported quarterly earnings of $0.18 per share on revenue of $468 million and declared a quarterly dividend of $0.06 per share, equal to a 1.2% annualized yield.
• MBGL shares recently traded at $19.83, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $22.80; ratings include one Strong Buy, one Buy and four Holds.

Mobility Global, Inc. (NYSE:MBGL - Get Free Report) Director Mark Peek purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of $19.50 per share, with a total value of $195,000.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at $195,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Mobility Global Price Performance

Shares of Mobility Global stock traded up $0.21 during trading hours on Thursday, hitting $19.83. The company's stock had a trading volume of 3,749,713 shares, compared to its average volume of 9,945,265. The company has a market capitalization of $5.87 billion and a P/E ratio of 110.18. Mobility Global, Inc. has a 12 month low of $17.67 and a 12 month high of $26.00.

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 company had revenue of $468.00 million during the quarter. On average, equities analysts anticipate that Mobility Global, Inc. will post 1.45 EPS for the current fiscal year.

Mobility Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 27th.

Institutional Trading of Mobility Global

An institutional investor recently bought a new position in Mobility Global stock. Advisors Preferred LLC bought a new position in shares of Mobility Global, Inc. (NYSE:MBGL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,800 shares of the company's stock, valued at approximately $36,000.

Analyst Ratings Changes

MBGL has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Mobility Global from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Monday. Wall Street Zen raised Mobility Global to a "hold" rating in a research report on Saturday, July 18th. Wolfe Research upgraded Mobility Global to a "strong-buy" rating in a report on Monday, July 20th. Royal Bank Of Canada started coverage on Mobility Global in a research report on Thursday, July 2nd. They issued a "sector perform" rating and a $23.00 target price on the stock. Finally, UBS Group set a $23.00 price target on Mobility Global in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Mobility Global has a consensus rating of "Moderate Buy" and a consensus target price of $22.80.

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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