Riverbridge Partners LLC decreased its position in shares of Mobile Mini Inc (NASDAQ:MINI) by 11.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,124,993 shares of the industrial products company’s stock after selling 150,438 shares during the period. Riverbridge Partners LLC owned about 2.51% of Mobile Mini worth $38,182,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in Mobile Mini by 0.5% during the 4th quarter. BlackRock Inc. now owns 6,501,515 shares of the industrial products company’s stock worth $206,425,000 after buying an additional 35,387 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Mobile Mini by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 4,610,861 shares of the industrial products company’s stock valued at $202,187,000 after purchasing an additional 91,893 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Mobile Mini by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,610,861 shares of the industrial products company’s stock valued at $202,187,000 after purchasing an additional 91,893 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Mobile Mini by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 743,063 shares of the industrial products company’s stock valued at $32,584,000 after purchasing an additional 25,408 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Mobile Mini by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 598,456 shares of the industrial products company’s stock valued at $19,001,000 after purchasing an additional 1,919 shares during the last quarter. 98.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MINI stock opened at $36.22 on Friday. The firm has a market cap of $1.66 billion, a P/E ratio of 22.09, a PEG ratio of 1.35 and a beta of 1.75. Mobile Mini Inc has a 1 year low of $29.46 and a 1 year high of $50.40. The company has a quick ratio of 0.19, a current ratio of 0.17 and a debt-to-equity ratio of 0.37.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, May 14th. Mobile Mini’s payout ratio is 67.07%.
Several research analysts have weighed in on MINI shares. Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th. BidaskClub cut Mobile Mini from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. ValuEngine cut Mobile Mini from a “hold” rating to a “sell” rating in a report on Wednesday, February 20th. Finally, Oppenheimer reduced their price target on Mobile Mini from $47.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 4th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $46.33.
About Mobile Mini
Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.
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