Segment Wealth Management LLC Buys New Holdings in Mobility Global, Inc. $MBGL

Segment Wealth Management LLC purchased a new position in shares of Mobility Global, Inc. (NYSE:MBGL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 50,457 shares of the company’s stock, valued at approximately $865,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Trust Services Inc. acquired a new stake in shares of Mobility Global during the 3rd quarter worth approximately $25,000. Sterling Capital Management LLC bought a new position in Mobility Global in the third quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new position in Mobility Global during the third quarter valued at approximately $28,000. CX Institutional acquired a new position in Mobility Global during the third quarter valued at approximately $30,000. Finally, Advisors Preferred LLC acquired a new position in Mobility Global during the second quarter valued at approximately $36,000.

Insider Buying and Selling at Mobility Global

In other news, Director Mark Peek bought 15,000 shares of the stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $19.87 per share, with a total value of $298,050.00. Following the acquisition, the director directly owned 50,000 shares in the company, valued at approximately $993,500. This trade represents a 42.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders acquired 50,000 shares of company stock worth $980,550.

Analyst Ratings Changes

Several equities research analysts have weighed in on MBGL shares. Wells Fargo & Company cut their target price on Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Bank of America initiated coverage on Mobility Global in a research note on Friday, August 21st. They issued a “neutral” rating and a $23.00 price target on the stock. Weiss Ratings raised Mobility Global from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 22nd. Wall Street Zen raised Mobility Global to a “hold” rating in a report on Saturday, July 18th. Finally, UBS Group set a $23.00 price objective on Mobility Global in a research report on Thursday, July 2nd. 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. According to data from MarketBeat, Mobility Global currently has a consensus rating of “Hold” and a consensus target price of $22.20.

Mobility Global Trading Down 2.6%

Shares of Mobility Global stock opened at $18.19 on Wednesday. Mobility Global, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $26.00. The company has a 50 day moving average of $19.12.

Mobility Global (NYSE:MBGL) last posted its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $468.00 million for the quarter. Equities analysts anticipate that Mobility Global, Inc. will post 1.52 EPS for the current fiscal year.

Mobility Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, November 30th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%.

Mobility Global Company 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.