Markel Group Inc. acquired a new position in shares of Mobility Global, Inc. (NYSE:MBGL – Free Report) in the 3rd quarter, Holdings Channel reports. The fund acquired 117,690 shares of the company’s stock, valued at approximately $2,018,000.
Several other institutional investors and hedge funds have also made changes to their positions in MBGL. Tidal Investments LLC acquired a new position in shares of Mobility Global in the 2nd quarter valued at $11,253,000. Douglas Lane & Associates LLC purchased a new position in Mobility Global in the 3rd quarter worth $2,139,000. Ninety One North America Inc. purchased a new position in Mobility Global in the 3rd quarter worth $1,117,000. Applied Capital LLC FL purchased a new position in Mobility Global in the 3rd quarter worth $1,009,000. Finally, Ninety One UK Ltd acquired a new stake in Mobility Global during the 3rd quarter worth about $15,245,000.
Analyst Upgrades and Downgrades
Several research firms have weighed in on MBGL. Robert W. Baird dropped their price target on Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Evercore assumed coverage on Mobility Global in a research note on Wednesday, September 9th. They issued an “in-line” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. started coverage on Mobility Global in a report on Monday, September 28th. They set a “neutral” rating and a $21.00 target price for the company. Wolfe Research raised Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Finally, Morgan Stanley initiated coverage on Mobility Global in a research report on Friday, October 9th. They issued an “equal weight” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mobility Global presently has a consensus rating of “Hold” and a consensus target price of $22.20.
Read Our Latest Analysis on MBGL
Mobility Global Stock Down 1.4%
MBGL stock opened at $19.34 on Wednesday. The company has a fifty day simple moving average of $19.02. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. Mobility Global, Inc. has a 12 month low of $16.95 and a 12 month high of $26.00.
Mobility Global (NYSE:MBGL – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $468.00 million during the quarter. On average, equities analysts anticipate that Mobility Global, Inc. will post 1.52 EPS for the current fiscal year.
Mobility Global Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, November 30th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, November 30th. Mobility Global’s dividend payout ratio is presently 133.33%.
Insider Buying and Selling
In other Mobility Global news, Director Mark Peek purchased 15,000 shares of the stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $19.87 per share, with a total value of $298,050.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at $993,500. This trade represents a 42.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 50,000 shares of company stock valued at $980,550 over the last 90 days.
Mobility Global Company 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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