Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III Buys 5,442 Shares

Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III acquired 5,442 shares of the stock in a transaction on Monday, April 22nd. The shares were purchased at an average price of $3.44 per share, for a total transaction of $18,720.48. Following the transaction, the chief executive officer now directly owns 111,682 shares in the company, valued at $384,186.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, April 18th, Manuel Chavez III acquired 33,043 shares of Mobile Infrastructure stock. The shares were purchased at an average price of $3.41 per share, for a total transaction of $112,676.63.
• On Tuesday, April 16th, Manuel Chavez III acquired 1,220 shares of Mobile Infrastructure stock. The shares were purchased at an average price of $3.49 per share, for a total transaction of $4,257.80.

Mobile Infrastructure Stock Down 0.6 %

BEEP stock traded down $0.02 during trading hours on Tuesday, hitting $3.50. 20,415 shares of the stock were exchanged, compared to its average volume of 25,630. The company has a 50-day simple moving average of $3.69 and a two-hundred day simple moving average of $3.91. Mobile Infrastructure Co. has a 12 month low of $2.75 and a 12 month high of $20.12.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ausdal Financial Partners Inc. increased its position in shares of Mobile Infrastructure by 8.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 101,551 shares of the company’s stock worth $411,000 after purchasing an additional 7,482 shares during the period. Realta Investment Advisors bought a new position in shares of Mobile Infrastructure in the fourth quarter worth $345,000. International Assets Investment Management LLC bought a new position in shares of Mobile Infrastructure in the fourth quarter worth $1,193,000. Simplicity Solutions LLC bought a new position in shares of Mobile Infrastructure in the fourth quarter worth $70,000. Finally, Arkadios Wealth Advisors increased its position in shares of Mobile Infrastructure by 151.0% in the fourth quarter. Arkadios Wealth Advisors now owns 60,092 shares of the company’s stock worth $243,000 after purchasing an additional 36,154 shares during the period. Institutional investors own 84.30% of the company’s stock.

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.