State of Alaska Department of Revenue acquired a new position in shares of Mobility Global, Inc. (NYSE:MBGL – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 49,529 shares of the company’s stock, valued at approximately $849,000.
Several other institutional investors have also modified their holdings of MBGL. Tidal Investments LLC acquired a new position in shares of Mobility Global during the second quarter worth $11,253,000. Fenimore Asset Management Inc acquired a new stake in Mobility Global in the third quarter valued at $10,435,000. Douglas Lane & Associates LLC acquired a new stake in Mobility Global in the third quarter valued at $2,139,000. Ninety One North America Inc. acquired a new stake in Mobility Global in the third quarter valued at $1,117,000. Finally, Applied Capital LLC FL purchased a new stake in Mobility Global during the 3rd quarter worth about $1,009,000.
Mobility Global Price Performance
Shares of MBGL opened at $18.54 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. Mobility Global, Inc. has a 1-year low of $16.95 and a 1-year high of $26.00. The company has a fifty day moving average of $19.23.
Mobility Global (NYSE:MBGL – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $468.00 million for the quarter. As a group, equities analysts expect that Mobility Global, Inc. will post 1.52 EPS for the current fiscal year.
Mobility Global Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. Mobility Global’s dividend payout ratio is 133.33%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on MBGL shares. Wolfe Research raised Mobility Global to a “strong-buy” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. started coverage on Mobility Global in a report on Monday, September 28th. They issued a “neutral” rating and a $21.00 price objective on the stock. Citigroup initiated coverage on Mobility Global in a research report on Tuesday, August 11th. They set a “neutral” rating and a $23.00 target price on the stock. Wall Street Zen raised Mobility Global to a “hold” rating in a research report on Saturday, July 18th. Finally, Morgan Stanley started coverage on Mobility Global in a research note on Friday, October 9th. They set an “equal weight” rating and a $19.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.20.
View Our Latest Report on Mobility Global
Insider Activity
In other news, Director Mark Peek purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of $19.87 per share, for a total transaction of $298,050.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at $993,500. This represents a 42.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders bought 50,000 shares of company stock valued at $980,550.
Mobility Global Profile
Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.
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