Pinebridge Investments L.P. Increases Stake in Mobile Mini Inc (NASDAQ:MINI)

Pinebridge Investments L.P. increased its position in Mobile Mini Inc (NASDAQ:MINI) by 224.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 39,343 shares of the industrial products company’s stock after acquiring an additional 27,227 shares during the quarter. Pinebridge Investments L.P. owned about 0.09% of Mobile Mini worth $1,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quantamental Technologies LLC increased its holdings in Mobile Mini by 67.7% in the 2nd quarter. Quantamental Technologies LLC now owns 3,266 shares of the industrial products company’s stock worth $99,000 after acquiring an additional 1,318 shares during the last quarter. Alpha Windward LLC purchased a new stake in Mobile Mini in the 2nd quarter worth about $475,000. Bernzott Capital Advisors increased its holdings in Mobile Mini by 16.1% in the 2nd quarter. Bernzott Capital Advisors now owns 712,003 shares of the industrial products company’s stock worth $21,666,000 after acquiring an additional 98,691 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Mobile Mini by 17.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 24,683 shares of the industrial products company’s stock valued at $751,000 after buying an additional 3,682 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC grew its holdings in Mobile Mini by 6.0% during the 2nd quarter. Measured Wealth Private Client Group LLC now owns 9,855 shares of the industrial products company’s stock valued at $300,000 after buying an additional 560 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

MINI has been the subject of a number of recent analyst reports. Zacks Investment Research raised Mobile Mini from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Noble Financial raised Mobile Mini from a “market perform” rating to an “outperform” rating in a report on Thursday, May 23rd. Robert W. Baird set a $41.00 price objective on Mobile Mini and gave the stock a “hold” rating in a report on Friday, July 26th. Credit Suisse Group lowered their price objective on Mobile Mini from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Finally, ValuEngine raised Mobile Mini from a “sell” rating to a “hold” rating in a research note on Saturday, September 14th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $43.43.

Shares of NASDAQ:MINI traded down $0.17 during trading on Thursday, hitting $34.02. 6,606 shares of the company’s stock were exchanged, compared to its average volume of 271,451. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.33 and a beta of 1.63. The business’s 50-day simple moving average is $32.01 and its 200 day simple moving average is $33.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.16 and a quick ratio of 0.14. Mobile Mini Inc has a 52-week low of $29.02 and a 52-week high of $44.56.

Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. Mobile Mini had a positive return on equity of 9.70% and a negative net margin of 0.95%. The business had revenue of $150.18 million for the quarter, compared to the consensus estimate of $151.75 million. During the same period last year, the business posted $0.35 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Mobile Mini Inc will post 1.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.23%. Mobile Mini’s dividend payout ratio is presently 67.07%.

Mobile Mini Profile

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 & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.

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

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