Mobile Infrastructure Corporation $BEEP Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its position in shares of Mobile Infrastructure Corporation (NASDAQ:BEEP) by 20.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,567 shares of the company’s stock after selling 4,022 shares during the period. International Assets Investment Management LLC’s holdings in Mobile Infrastructure were worth $71,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its stake in Mobile Infrastructure by 40.5% during the 1st quarter. CWM LLC now owns 60,998 shares of the company’s stock valued at $254,000 after purchasing an additional 17,569 shares during the period. Goldman Sachs Group Inc. boosted its stake in Mobile Infrastructure by 104.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,662 shares of the company’s stock valued at $170,000 after purchasing an additional 20,741 shares during the period. North Star Investment Management Corp. acquired a new position in Mobile Infrastructure during the 2nd quarter valued at about $240,000. MAI Capital Management boosted its stake in Mobile Infrastructure by 99.3% during the 1st quarter. MAI Capital Management now owns 6,253 shares of the company’s stock valued at $26,000 after purchasing an additional 3,116 shares during the period. Finally, Connective Capital Management LLC acquired a new position in Mobile Infrastructure during the 1st quarter valued at about $223,000. 84.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $6.50 target price on shares of Mobile Infrastructure in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Mobile Infrastructure in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Mobile Infrastructure presently has an average rating of “Moderate Buy” and an average target price of $5.88.

Mobile Infrastructure Trading Up 0.8%

Shares of NASDAQ:BEEP opened at $3.63 on Friday. The company has a 50 day moving average of $3.56 and a 200-day moving average of $3.85. The firm has a market cap of $155.00 million, a P/E ratio of -12.10 and a beta of 0.53. Mobile Infrastructure Corporation has a twelve month low of $2.75 and a twelve month high of $4.86. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.17.

Mobile Infrastructure (NASDAQ:BEEP) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The company had revenue of $8.99 million during the quarter, compared to analyst estimates of $9.39 million. Mobile Infrastructure had a negative return on equity of 5.58% and a negative net margin of 28.91%. Mobile Infrastructure has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Mobile Infrastructure Corporation will post -0.3 earnings per share for the current fiscal year.

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.