Lighthouse Investment Partners LLC Invests $990,000 in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Lighthouse Investment Partners LLC acquired a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,585 shares of the company's stock, valued at approximately $990,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WSC. Jones Financial Companies Lllp lifted its holdings in shares of WillScot Mobile Mini by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after buying an additional 1,113 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of WillScot Mobile Mini in the fourth quarter worth $154,000. Headlands Technologies LLC purchased a new stake in WillScot Mobile Mini during the fourth quarter valued at $174,000. FourThought Financial Partners LLC bought a new position in WillScot Mobile Mini in the fourth quarter valued at about $216,000. Finally, Stephens Inc. AR boosted its position in WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after purchasing an additional 1,222 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Activity

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

Analyst Ratings Changes

A number of research firms have issued reports on WSC. Robert W. Baird cut their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Barclays cut their target price on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Morgan Stanley upped their target price on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday. Finally, Oppenheimer dropped their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.63.

WillScot Mobile Mini Price Performance

NASDAQ WSC opened at $29.97 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 12 month low of $21.91 and a 12 month high of $43.80. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 199.81, a PEG ratio of 2.18 and a beta of 1.28. The company's 50 day moving average is $26.84 and its two-hundred day moving average is $32.87.

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 analysts' expectations of $555.51 million. During the same quarter in the previous year, the company posted $0.29 EPS. The company's quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio (DPR) is currently 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.

Want to see what other hedge funds are holding WSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.