Manuel Chavez III Acquires 33,043 Shares of Mobile Infrastructure Co. (NASDAQ:BEEP) Stock

Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III acquired 33,043 shares of Mobile Infrastructure stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly owns 51,124 shares in the company, valued at approximately $174,332.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Manuel Chavez III also recently made the following trade(s):

• On Tuesday, April 16th, Manuel Chavez III purchased 1,220 shares of Mobile Infrastructure stock. The stock was acquired at an average cost of $3.49 per share, with a total value of $4,257.80.

Mobile Infrastructure Trading Down 3.7 %

Shares of BEEP stock traded down $0.12 during trading hours on Friday, hitting $3.27. The company had a trading volume of 83,174 shares, compared to its average volume of 25,621. Mobile Infrastructure Co. has a 12 month low of $2.75 and a 12 month high of $20.12. The firm’s fifty day moving average is $3.71 and its 200 day moving average is $3.90.

Mobile Infrastructure (NASDAQ:BEEP) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. The business had revenue of $7.89 million during the quarter.

Institutional Investors Weigh In On Mobile Infrastructure

A number of hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors acquired a new position in Mobile Infrastructure in the third quarter valued at about $84,000. Wagner Wealth Management LLC bought a new position in shares of Mobile Infrastructure in the third quarter valued at approximately $35,000. Ausdal Financial Partners Inc. acquired a new position in shares of Mobile Infrastructure in the 3rd quarter worth approximately $328,000. Atomi Financial Group Inc. bought a new stake in Mobile Infrastructure during the 3rd quarter worth approximately $76,000. Finally, Realta Investment Advisors acquired a new stake in Mobile Infrastructure during the 4th quarter valued at $345,000. Institutional investors and hedge funds own 84.30% of the company’s stock.

About Mobile Infrastructure

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.