Sen. Sells Off Shares of Mobile Infrastructure Co. (NASDAQ:BEEP)

Senator (R-Ohio) recently sold shares of Mobile Infrastructure Co. NASDAQ: BEEP. In a filing disclosed on April 30th, the Senator disclosed that they had sold between $15,001 and $50,000 in Mobile Infrastructure stock on March 17th.

Mobile Infrastructure Stock Performance

BEEP stock traded up $0.09 during midday trading on Tuesday, hitting $4.08. 4,741 shares of the company traded hands, compared to its average volume of 65,807. The business has a 50 day simple moving average of $3.99 and a 200-day simple moving average of $3.77. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.09. Mobile Infrastructure Co. has a twelve month low of $2.48 and a twelve month high of $4.86. The stock has a market capitalization of $173.03 million, a price-to-earnings ratio of -4.52 and a beta of 0.50.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last announced its earnings results on Monday, March 10th. The company reported ($0.03) EPS for the quarter. Mobile Infrastructure had a negative return on equity of 4.36% and a negative net margin of 24.59%. During the same quarter in the prior year, the company posted ($0.34) earnings per share. As a group, equities research analysts predict that Mobile Infrastructure Co. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on BEEP. B. Riley began coverage on Mobile Infrastructure in a research report on Thursday, January 23rd. They issued a "buy" rating and a $5.00 price target on the stock. Piper Sandler began coverage on shares of Mobile Infrastructure in a report on Thursday, January 23rd. They set an "overweight" rating and a $5.00 price objective on the stock. Finally, Maxim Group started coverage on shares of Mobile Infrastructure in a research note on Friday, February 21st. They issued a "buy" rating and a $7.00 target price for the company.

Hedge Funds Weigh In On Mobile Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in Mobile Infrastructure by 40.5% during the third quarter. Geode Capital Management LLC now owns 283,474 shares of the company's stock worth $930,000 after acquiring an additional 81,727 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new position in Mobile Infrastructure during the 4th quarter valued at about $101,000. Concorde Asset Management LLC boosted its position in Mobile Infrastructure by 12.9% in the fourth quarter. Concorde Asset Management LLC now owns 64,518 shares of the company's stock valued at $290,000 after buying an additional 7,354 shares in the last quarter. Barclays PLC acquired a new stake in shares of Mobile Infrastructure during the fourth quarter worth approximately $31,000. Finally, Two Sigma Securities LLC bought a new position in shares of Mobile Infrastructure in the fourth quarter valued at approximately $85,000. Institutional investors own 84.30% of the company's stock.

About Senator

Mobile Infrastructure Company Profile

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet.