Mobility Global, Inc. $MBGL Shares Newly Purchased by Lifetime Wealth Management P.C.

Lifetime Wealth Management P.C. acquired a new position in shares of Mobility Global, Inc. (NYSE:MBGL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the company’s stock, valued at approximately $1,715,000. Mobility Global makes up about 1.0% of Lifetime Wealth Management P.C.’s investment portfolio, making the stock its 27th biggest position.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Trust Services Inc. bought a new stake in Mobility Global during the third quarter valued at approximately $25,000. Sterling Capital Management LLC purchased a new position in Mobility Global in the 3rd quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new position in Mobility Global in the 3rd quarter worth approximately $28,000. CX Institutional bought a new position in shares of Mobility Global in the 3rd quarter worth $30,000. Finally, Advisors Preferred LLC bought a new position in shares of Mobility Global in the 2nd quarter worth $36,000.

Mobility Global Price Performance

NYSE:MBGL opened at $18.97 on Monday. The company has a market cap of $5.62 billion and a P/E ratio of 105.39. The stock has a 50 day moving average price of $19.03. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. Mobility Global, Inc. has a 1-year low of $16.95 and a 1-year high of $26.00.

Mobility Global (NYSE:MBGL) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The business had revenue of $468.00 million for the quarter. As a group, sell-side analysts anticipate that Mobility Global, Inc. will post 1.52 EPS for the current year.

Mobility Global Announces Dividend

The firm also recently announced 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’s dividend payout ratio (DPR) is currently 133.33%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MBGL. Wolfe Research upgraded shares of Mobility Global to a “strong-buy” rating in a research report on Monday, July 20th. Zacks Research upgraded shares of Mobility Global to a “hold” rating in a research report on Thursday, July 30th. Evercore began coverage on shares of Mobility Global in a research report on Wednesday, September 9th. They issued an “in-line” rating and a $22.00 target price for the company. Bank of America started coverage on Mobility Global in a research note on Friday, August 21st. They issued a “neutral” rating and a $23.00 target price on the stock. Finally, Weiss Ratings upgraded Mobility Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 22nd. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mobility Global has an average rating of “Hold” and an average price target of $22.20.

Insider Activity at Mobility Global

In other Mobility Global news, Director Mark Peek bought 25,000 shares of Mobility Global stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average price of $19.50 per share, with a total value of $487,500.00. Following the acquisition, the director owned 35,000 shares in the company, valued at approximately $682,500. This trade represents a 250.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have acquired 50,000 shares of company stock worth $980,550.

About Mobility Global

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.