888,914 Shares in Mobility Global, Inc. $MBGL Bought by Ninety One UK Ltd

Ninety One UK Ltd bought a new position in shares of Mobility Global, Inc. (NYSE:MBGL) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 888,914 shares of the company’s stock, valued at approximately $15,245,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wealth Enhancement Trust Services Inc. acquired a new stake in Mobility Global during the 3rd quarter worth approximately $25,000. CX Institutional acquired a new position in shares of Mobility Global in the third quarter worth $30,000. Advisors Preferred LLC acquired a new position in shares of Mobility Global in the second quarter worth $36,000. Ashurst Perkins Coie Trust Co acquired a new position in shares of Mobility Global in the third quarter worth $38,000. Finally, Eastern Bank acquired a new position in shares of Mobility Global in the third quarter worth $55,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on MBGL. Wall Street Zen raised Mobility Global to a “hold” rating in a research report on Saturday, July 18th. Wells Fargo & Company reduced their price objective on Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Evercore began coverage on Mobility Global in a report on Wednesday, September 9th. They set an “in-line” rating and a $22.00 price target on the stock. Robert W. Baird cut their price target on Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Finally, Royal Bank Of Canada initiated coverage on Mobility Global in a research report on Thursday, July 2nd. They issued a “sector perform” rating and a $23.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Mobility Global currently has a consensus rating of “Hold” and a consensus price target of $22.20.

Mobility Global Stock Up 4.9%

Shares of NYSE:MBGL opened at $18.71 on Friday. The company has a 50 day moving average price of $19.30. Mobility Global, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $26.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

Mobility Global (NYSE:MBGL) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The firm had revenue of $468.00 million for the quarter. Analysts expect that Mobility Global, Inc. will post 1.52 EPS for the current fiscal year.

Mobility Global Announces Dividend

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

Insider Buying and Selling at Mobility Global

In other news, Director Mark Peek acquired 15,000 shares of Mobility Global stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of $19.87 per share, for a total transaction of $298,050.00. Following the acquisition, the director owned 50,000 shares of the company’s stock, valued at $993,500. This trade represents a 42.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have acquired 50,000 shares of company stock valued at $980,550.

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.