Insider Buying: Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Purchases 5,442 Shares of Stock

Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III purchased 5,442 shares of Mobile Infrastructure stock in a transaction dated Monday, April 22nd. The shares were bought at an average price of $3.44 per share, for a total transaction of $18,720.48. Following the acquisition, the chief executive officer now owns 111,682 shares in the company, valued at $384,186.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Manuel Chavez III also recently made the following trade(s):

• On Thursday, April 18th, Manuel Chavez III purchased 33,043 shares of Mobile Infrastructure stock. The shares were bought at an average price of $3.41 per share, for a total transaction of $112,676.63.
• On Tuesday, April 16th, Manuel Chavez III purchased 1,220 shares of Mobile Infrastructure stock. The shares were bought at an average price of $3.49 per share, for a total transaction of $4,257.80.

Mobile Infrastructure Stock Performance

Shares of BEEP opened at $3.48 on Thursday. Mobile Infrastructure Co. has a 12-month low of $2.75 and a 12-month high of $20.12. The company’s 50-day moving average price is $3.69 and its 200 day moving average price is $3.91.

Mobile Infrastructure (NASDAQ:BEEP) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. The company had revenue of $7.89 million for the quarter.

Institutional Trading of Mobile Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ausdal Financial Partners Inc. grew its position in Mobile Infrastructure by 8.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 101,551 shares of the company’s stock valued at $411,000 after acquiring an additional 7,482 shares in the last quarter. Wagner Wealth Management LLC acquired a new position in Mobile Infrastructure in the 3rd quarter valued at about $35,000. J.W. Cole Advisors Inc. acquired a new position in Mobile Infrastructure in the 4th quarter valued at about $48,000. Centaurus Financial Inc. grew its position in Mobile Infrastructure by 21.1% in the 4th quarter. Centaurus Financial Inc. now owns 79,007 shares of the company’s stock valued at $320,000 after acquiring an additional 13,764 shares in the last quarter. Finally, CWM LLC grew its position in Mobile Infrastructure by 447.7% in the 4th quarter. CWM LLC now owns 18,408 shares of the company’s stock valued at $75,000 after acquiring an additional 15,047 shares in the last quarter. 84.30% of the stock is currently owned by hedge funds and other institutional investors.

About Mobile Infrastructure

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet.