International Assets Investment Management LLC Reduces Holdings in Mobile Infrastructure Corporation $BEEP

International Assets Investment Management LLC decreased its position in shares of Mobile Infrastructure Corporation (NASDAQ:BEEP) by 20.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MAI Capital Management increased 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 worth $26,000 after buying an additional 3,116 shares during the period. Focus Partners Wealth purchased a new stake in Mobile Infrastructure during the 1st quarter worth $80,000. Jane Street Group LLC increased its stake in Mobile Infrastructure by 85.1% during the 1st quarter. Jane Street Group LLC now owns 33,689 shares of the company’s stock worth $140,000 after buying an additional 15,484 shares during the period. Goldman Sachs Group Inc. grew its holdings in Mobile Infrastructure by 104.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,662 shares of the company’s stock worth $170,000 after acquiring an additional 20,741 shares in the last quarter. Finally, Connective Capital Management LLC bought a new stake in shares of Mobile Infrastructure in the 1st quarter worth about $223,000. Hedge funds and other institutional investors own 84.30% of the company’s stock.

Mobile Infrastructure Trading Up 0.8%

NASDAQ BEEP opened at $3.63 on Friday. Mobile Infrastructure Corporation has a one year low of $2.75 and a one year high of $4.86. The company has a 50-day simple moving average of $3.56 and a 200-day simple moving average of $3.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market capitalization of $155.00 million, a PE ratio of -12.10 and a beta of 0.53.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BEEP shares. Barrington Research reaffirmed an “outperform” rating and set a $6.50 price target on shares of Mobile Infrastructure in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobile Infrastructure in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.88.

Mobile Infrastructure Profile

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.