Ninety One North America Inc. Acquires 65,126 Shares of Mobility Global, Inc. $MBGL

Ninety One North America Inc. acquired a new stake in Mobility Global, Inc. (NYSE:MBGL) during the third quarter, Holdings Channel.com reports. The fund acquired 65,126 shares of the company’s stock, valued at approximately $1,117,000.

A number of other hedge funds have also recently made changes to their positions in the business. Fenimore Asset Management Inc acquired a new stake in shares of Mobility Global in the 3rd quarter worth about $10,435,000. Tidal Investments LLC bought a new position in Mobility Global in the 2nd quarter valued at about $11,253,000. Douglas Lane & Associates LLC bought a new position in Mobility Global in the 3rd quarter valued at about $2,139,000. Applied Capital LLC FL acquired a new position in Mobility Global during the 3rd quarter valued at about $1,009,000. Finally, YHB Investment Advisors Inc. acquired a new position in Mobility Global during the 3rd quarter valued at about $343,000.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays began coverage on Mobility Global in a report on Tuesday, September 1st. They set an “equal weight” rating and a $23.00 price objective for the company. Wall Street Zen upgraded Mobility Global to a “hold” rating in a report on Saturday, July 18th. Evercore assumed coverage on Mobility Global in a report on Wednesday, September 9th. They issued an “in-line” rating and a $22.00 target price on the stock. Weiss Ratings cut Mobility Global from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, October 6th. Finally, Morgan Stanley started coverage on Mobility Global in a research report on Friday, October 9th. They set an “equal weight” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.20.

Insider Buying and Selling at Mobility Global

In other Mobility Global news, Director Mark Peek bought 25,000 shares of Mobility Global stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $19.50 per share, with a total value of $487,500.00. Following the completion of the acquisition, the director directly owned 35,000 shares in the company, valued at approximately $682,500. The trade was a 250.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders purchased 50,000 shares of company stock valued at $980,550.

Mobility Global Trading Up 4.2%

Shares of MBGL traded up $0.74 during trading hours on Thursday, reaching $18.59. 1,265,835 shares of the stock traded hands, compared to its average volume of 6,487,207. Mobility Global, Inc. has a 52 week low of $16.95 and a 52 week high of $26.00. The stock has a market cap of $5.50 billion and a P/E ratio of 103.31. The stock has a fifty day moving average price of $19.34. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

Mobility Global (NYSE:MBGL) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $468.00 million during the quarter. Analysts predict that Mobility Global, Inc. will post 1.52 earnings per share for the current fiscal year.

Mobility Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, August 27th. Mobility Global’s payout ratio is presently 133.33%.

Mobility Global Profile

Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.