Rhumbline Advisers Sells 3,290 Shares of Mobile Mini Inc (MINI)

Rhumbline Advisers cut its holdings in Mobile Mini Inc (NASDAQ:MINI) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,975 shares of the industrial products company’s stock after selling 3,290 shares during the period. Rhumbline Advisers owned 0.24% of Mobile Mini worth $4,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fort Washington Investment Advisors Inc. OH grew its position in shares of Mobile Mini by 24.2% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 458,364 shares of the industrial products company’s stock worth $20,099,000 after buying an additional 89,323 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Mobile Mini by 205.7% in the 3rd quarter. SG Americas Securities LLC now owns 35,365 shares of the industrial products company’s stock worth $1,551,000 after buying an additional 23,797 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Mobile Mini by 3.3% in the 3rd quarter. Wells Fargo & Company MN now owns 118,200 shares of the industrial products company’s stock worth $5,183,000 after buying an additional 3,775 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Mobile Mini by 8.1% in the 3rd quarter. Victory Capital Management Inc. now owns 21,134 shares of the industrial products company’s stock worth $927,000 after buying an additional 1,576 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Mobile Mini by 11.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,243 shares of the industrial products company’s stock worth $712,000 after buying an additional 1,625 shares during the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock.

A number of brokerages have recently issued reports on MINI. BidaskClub raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. Credit Suisse Group began coverage on shares of Mobile Mini in a research report on Friday, August 10th. They set a “neutral” rating and a $45.00 target price on the stock. ValuEngine raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. Berenberg Bank began coverage on shares of Mobile Mini in a research report on Wednesday, September 19th. They set a “buy” rating and a $53.00 target price on the stock. Finally, Needham & Company LLC boosted their target price on shares of Mobile Mini to $55.00 and gave the stock a “buy” rating in a research report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $47.11.

NASDAQ:MINI opened at $34.52 on Friday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 1.54 and a beta of 1.68. Mobile Mini Inc has a twelve month low of $32.40 and a twelve month high of $50.40. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38.

Mobile Mini (NASDAQ:MINI) last released its earnings results on Friday, October 19th. The industrial products company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $149.71 million for the quarter, compared to the consensus estimate of $148.75 million. Mobile Mini had a net margin of 12.05% and a return on equity of 7.95%. Mobile Mini’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, equities research analysts expect that Mobile Mini Inc will post 1.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Tuesday, November 13th. Mobile Mini’s dividend payout ratio is presently 86.21%.

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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 and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.

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Institutional Ownership by Quarter for Mobile Mini (NASDAQ:MINI)

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