BNP Paribas Arbitrage SA Has $461,000 Holdings in Mobile Mini, Inc. (MINI)

BNP Paribas Arbitrage SA raised its holdings in Mobile Mini, Inc. (NASDAQ:MINI) by 68.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,455 shares of the industrial products company’s stock after acquiring an additional 6,289 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Mobile Mini were worth $461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Miles Capital Inc. lifted its stake in Mobile Mini by 0.3% in the first quarter. Miles Capital Inc. now owns 7,121 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 19 shares during the last quarter. Bank of Montreal Can lifted its stake in Mobile Mini by 0.5% in the second quarter. Bank of Montreal Can now owns 27,772 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 148 shares during the last quarter. Arizona State Retirement System lifted its stake in Mobile Mini by 0.9% in the first quarter. Arizona State Retirement System now owns 23,061 shares of the industrial products company’s stock valued at $703,000 after acquiring an additional 200 shares during the last quarter. Texas Permanent School Fund lifted its stake in Mobile Mini by 0.7% in the second quarter. Texas Permanent School Fund now owns 32,274 shares of the industrial products company’s stock valued at $963,000 after acquiring an additional 214 shares during the last quarter. Finally, Foresters Investment Management Company Inc. lifted its stake in Mobile Mini by 6.5% in the first quarter. Foresters Investment Management Company Inc. now owns 4,900 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 300 shares during the last quarter.

Shares of Mobile Mini, Inc. (NASDAQ:MINI) opened at 31.85 on Friday. The firm has a market capitalization of $1.40 billion, a PE ratio of 27.67 and a beta of 2.22. Mobile Mini, Inc. has a 52 week low of $23.40 and a 52 week high of $37.05. The stock has a 50 day moving average of $30.51 and a 200-day moving average of $29.70.

Mobile Mini (NASDAQ:MINI) last released its earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The firm had revenue of $126.70 million during the quarter, compared to the consensus estimate of $126.03 million. During the same period in the prior year, the business posted $0.25 earnings per share. Mobile Mini’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts anticipate that Mobile Mini, Inc. will post $1.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th were paid a $0.227 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.91 annualized dividend and a dividend yield of 2.85%. Mobile Mini’s dividend payout ratio is presently 78.45%.

A number of analysts have issued reports on the stock. Robert W. Baird set a $34.00 target price on shares of Mobile Mini and gave the company a “hold” rating in a research note on Sunday, September 10th. Needham & Company LLC restated a “buy” rating and issued a $38.00 price objective on shares of Mobile Mini in a research note on Friday, September 1st. BidaskClub cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.75.

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In related news, insider Mark Funk sold 41,020 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $31.82, for a total value of $1,305,256.40. Following the completion of the transaction, the insider now directly owns 153,260 shares of the company’s stock, valued at $4,876,733.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence Trachtenberg sold 10,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $31.59, for a total transaction of $315,900.00. Following the completion of the transaction, the director now directly owns 38,181 shares of the company’s stock, valued at $1,206,137.79. The disclosure for this sale can be found here. Insiders sold 156,065 shares of company stock valued at $4,832,212 over the last three months. 6.50% of the stock is owned by company insiders.

About Mobile Mini

Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.

Institutional Ownership by Quarter for Mobile Mini (NASDAQ:MINI)

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