Manuel Chavez III Purchases 33,043 Shares of Mobile Infrastructure Co. (NASDAQ:BEEP) Stock

Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III acquired 33,043 shares of the stock in a transaction on Thursday, April 18th. The stock was bought at an average price of $3.41 per share, with a total value of $112,676.63. Following the completion of the acquisition, the chief executive officer now directly owns 51,124 shares of the company’s stock, valued at $174,332.84. The purchase was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, April 16th, Manuel Chavez III acquired 1,220 shares of Mobile Infrastructure stock. The stock was bought at an average price of $3.49 per share, with a total value of $4,257.80.

Mobile Infrastructure Stock Performance

Shares of BEEP opened at $3.27 on Friday. Mobile Infrastructure Co. has a one year low of $2.75 and a one year high of $20.12. The company has a 50-day simple moving average of $3.70 and a two-hundred day simple moving average of $3.90.

Mobile Infrastructure (NASDAQ:BEEP) last issued 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.

Institutional Trading of Mobile Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ausdal Financial Partners Inc. lifted its holdings in shares of Mobile Infrastructure by 8.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 101,551 shares of the company’s stock valued at $411,000 after purchasing an additional 7,482 shares during the last quarter. Wagner Wealth Management LLC purchased a new position in shares of Mobile Infrastructure during the third quarter valued at approximately $35,000. J.W. Cole Advisors Inc. purchased a new position in shares of Mobile Infrastructure during the fourth quarter valued at approximately $48,000. Centaurus Financial Inc. lifted its holdings in shares of Mobile Infrastructure by 21.1% during the fourth quarter. Centaurus Financial Inc. now owns 79,007 shares of the company’s stock valued at $320,000 after purchasing an additional 13,764 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Mobile Infrastructure by 447.7% during the fourth quarter. CWM LLC now owns 18,408 shares of the company’s stock valued at $75,000 after purchasing an additional 15,047 shares during 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.