124,711 Shares of Mobility Global, Inc. $MBGL Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC acquired a new stake in Mobility Global, Inc. (NYSE:MBGL) in the third quarter, HoldingsChannel reports. The firm acquired 124,711 shares of the company’s stock, valued at approximately $2,139,000.

Several other institutional investors also recently bought and sold shares of MBGL. Wealth Enhancement Trust Services Inc. purchased a new position in Mobility Global during the third quarter worth about $25,000. CX Institutional acquired a new position in shares of Mobility Global in the 3rd quarter valued at $30,000. Advisors Preferred LLC acquired a new stake in shares of Mobility Global during the 2nd quarter worth $36,000. Eastern Bank purchased a new stake in Mobility Global during the third quarter valued at about $55,000. Finally, MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Mobility Global during the 3rd quarter worth about $99,000.

Analysts Set New Price Targets

MBGL has been the subject of several recent research reports. Morgan Stanley started coverage on Mobility Global in a report on Friday. They issued an “equal weight” rating and a $19.00 price target for the company. Zacks Research raised Mobility Global to a “hold” rating in a report on Thursday, July 30th. Citigroup started coverage on shares of Mobility Global in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 price target for the company. Weiss Ratings lowered Mobility Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Finally, UBS Group set a $23.00 target price on shares of Mobility Global in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.20.

Insiders Place Their Bets

In related news, Director Mark Peek purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $19.87 per share, with a total value of $298,050.00. Following the purchase, the director directly owned 50,000 shares in the company, valued at $993,500. This represents a 42.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 50,000 shares of company stock worth $980,550 in the last 90 days.

Mobility Global Trading Up 0.8%

Shares of NYSE MBGL opened at $18.22 on Friday. The firm has a 50-day simple moving average of $19.53. The firm has a market cap of $5.39 billion and a P/E ratio of 101.21. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. Mobility Global, Inc. has a twelve month low of $16.95 and a twelve month high of $26.00.

Mobility Global (NYSE:MBGL) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $468.00 million during the quarter. As a group, research analysts predict that Mobility Global, Inc. will post 1.56 earnings per share for the current year.

Mobility Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. Mobility Global’s payout ratio is currently 133.33%.

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.