International Assets Investment Management LLC purchased a new stake in shares of Mobile Infrastructure Co. (NASDAQ:BEEP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 294,447 shares of the company's stock, valued at approximately $1,193,000. International Assets Investment Management LLC owned approximately 1.96% of Mobile Infrastructure as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Ausdal Financial Partners Inc. bought a new stake in shares of Mobile Infrastructure in the third quarter worth about $328,000. Realta Investment Advisors bought a new stake in shares of Mobile Infrastructure in the fourth quarter worth about $345,000. Arkadios Wealth Advisors bought a new stake in shares of Mobile Infrastructure in the third quarter worth about $84,000. Atomi Financial Group Inc. bought a new stake in shares of Mobile Infrastructure in the third quarter worth about $76,000. Finally, Wagner Wealth Management LLC bought a new stake in shares of Mobile Infrastructure in the third quarter worth about $35,000. Hedge funds and other institutional investors own 84.30% of the company's stock.
Insider Buying and Selling at Mobile Infrastructure
In other news, CEO Manuel Chavez III acquired 33,043 shares of the business's stock in a transaction on Thursday, April 18th. The shares were acquired at an average cost of $3.41 per share, with a total value of $112,676.63. Following the transaction, the chief executive officer now owns 51,124 shares in the company, valued at approximately $174,332.84. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have bought 39,705 shares of company stock valued at $135,655. 22.06% of the stock is currently owned by corporate insiders.
Mobile Infrastructure Stock Down 0.6 %
Shares of NASDAQ BEEP traded down $0.02 during trading hours on Tuesday, hitting $3.50. The company's stock had a trading volume of 20,415 shares, compared to its average volume of 25,630. Mobile Infrastructure Co. has a 12 month low of $2.75 and a 12 month high of $20.12. The business has a 50-day simple moving average of $3.69 and a 200-day simple moving average of $3.91.
Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.69) earnings per share for the quarter. The business had revenue of $7.89 million during the quarter.
Mobile Infrastructure Profile
(
Free Report)
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.
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