Mobility Global, Inc. $MBGL Shares Newly Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC purchased a new position in shares of Mobility Global, Inc. (NYSE:MBGL) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 64,923 shares of the company’s stock, valued at approximately $1,113,000.

Several other hedge funds have also recently modified their holdings of the stock. Tidal Investments LLC purchased a new position in Mobility Global in the 2nd quarter valued at about $11,253,000. Douglas Lane & Associates LLC acquired a new stake in Mobility Global in the 3rd quarter worth about $2,139,000. Ninety One North America Inc. acquired a new stake in Mobility Global in the 3rd quarter worth about $1,117,000. Applied Capital LLC FL purchased a new stake in Mobility Global during the 3rd quarter worth approximately $1,009,000. Finally, Ninety One UK Ltd purchased a new stake in shares of Mobility Global during the third quarter worth approximately $15,245,000.

Mobility Global Price Performance

MBGL stock opened at $18.70 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $19.18. The stock has a market capitalization of $5.53 billion and a price-to-earnings ratio of 103.86. Mobility Global, Inc. has a 1 year low of $16.95 and a 1 year high of $26.00.

Mobility Global (NYSE:MBGL) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.18 EPS for the quarter. The company had revenue of $468.00 million for the quarter. On average, equities research analysts expect that Mobility Global, Inc. will post 1.52 EPS for the current year.

Mobility Global Announces Dividend

The business also recently announced 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 1.3%. The ex-dividend date is Monday, November 30th. Mobility Global’s dividend payout ratio is presently 133.33%.

Insider Activity

In related news, Director Mark Peek bought 15,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $19.87 per share, with a total value of $298,050.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at $993,500. The trade was a 42.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders acquired 50,000 shares of company stock valued at $980,550.

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. began coverage on Mobility Global in a research note on Monday, September 28th. They issued a “neutral” rating and a $21.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Wall Street Zen raised shares of Mobility Global to a “hold” rating in a research note on Saturday, July 18th. Wolfe Research raised shares of Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Finally, Robert W. Baird decreased their price target on shares of Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. One equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.20.

About Mobility Global

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.