International Assets Investment Management LLC Purchases New Shares in Mobile Infrastructure Co. (NASDAQ:BEEP)

International Assets Investment Management LLC acquired a new position in Mobile Infrastructure Co. (NASDAQ:BEEP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 294,447 shares of the company’s stock, valued at approximately $1,193,000. International Assets Investment Management LLC owned approximately 1.96% of Mobile Infrastructure as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BEEP. Wagner Wealth Management LLC purchased a new position in shares of Mobile Infrastructure in the 3rd quarter worth approximately $35,000. Atomi Financial Group Inc. bought a new stake in Mobile Infrastructure during the third quarter worth $76,000. Arkadios Wealth Advisors purchased a new position in Mobile Infrastructure in the third quarter worth $84,000. Ausdal Financial Partners Inc. bought a new position in Mobile Infrastructure in the 3rd quarter valued at $328,000. Finally, Realta Investment Advisors purchased a new stake in shares of Mobile Infrastructure during the 4th quarter valued at $345,000. Hedge funds and other institutional investors own 84.30% of the company’s stock.

Insider Buying and Selling

In other news, CEO Manuel Chavez III acquired 33,043 shares of Mobile Infrastructure stock in a transaction on Thursday, April 18th. The stock was acquired at an average cost of $3.41 per share, with a total value of $112,676.63. Following the completion of the acquisition, the chief executive officer now owns 51,124 shares in the company, valued at $174,332.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 22.06% of the stock is currently owned by insiders.

Mobile Infrastructure Trading Up 7.8 %

NASDAQ BEEP opened at $3.52 on Tuesday. The business’s fifty day moving average is $3.69 and its 200-day moving average is $3.91. Mobile Infrastructure Co. has a one year low of $2.75 and a one year high of $20.12.

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

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.