Mark Peek Buys 15,000 Shares of Mobility Global (NYSE:MBGL) Stock

Key Points

• Director Mark Peek purchased 15,000 Mobility Global shares at an average price of $19.87, investing $298,050 and increasing his direct holdings by 42.86% to 50,000 shares.
• Mobility Global reported quarterly EPS of $0.18 on revenue of $468 million. The company also declared a quarterly dividend of $0.06 per share, equivalent to a 1.2% annualized yield.
• Shares rose 1.1% to $19.83, while analysts maintained an overall “Moderate Buy” consensus with an average price target of $22.80.

Mobility Global, Inc. (NYSE:MBGL - Get Free Report) Director Mark Peek acquired 15,000 shares of the stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $19.87 per share, with a total value of $298,050.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at approximately $993,500. This represents a 42.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mobility Global Trading Up 1.1%

Shares of NYSE MBGL traded up $0.21 during trading on Thursday, reaching $19.83. The company had a trading volume of 3,749,713 shares, compared to its average volume of 9,945,265. Mobility Global, Inc. has a 52 week low of $17.67 and a 52 week high of $26.00. The company has a market cap of $5.87 billion and a PE ratio of 110.18.

Mobility Global (NYSE:MBGL - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The company had revenue of $468.00 million for the quarter. As a group, equities research analysts forecast that Mobility Global, Inc. will post 1.45 earnings per share for the current year.

Mobility Global Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MBGL shares. Zacks Research raised Mobility Global to a "hold" rating in a research note on Thursday, July 30th. Wolfe Research upgraded Mobility Global to a "strong-buy" rating in a research report on Monday, July 20th. Wall Street Zen raised Mobility Global to a "hold" rating in a report on Saturday, July 18th. Royal Bank Of Canada initiated coverage on shares of Mobility Global in a research note on Thursday, July 2nd. They issued a "sector perform" rating and a $23.00 target price on the stock. Finally, Citigroup started coverage on shares of Mobility Global in a research note on Tuesday. They set a "neutral" rating and a $23.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.80.

Hedge Funds Weigh In On Mobility Global

An institutional investor recently bought a new stake in Mobility Global stock. Advisors Preferred LLC bought a new position in shares of Mobility Global, Inc. (NYSE:MBGL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,800 shares of the company's stock, valued at approximately $36,000.

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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