State of Alaska Department of Revenue Makes New Investment in Mobility Global, Inc. $MBGL

State of Alaska Department of Revenue acquired a new position in shares of Mobility Global, Inc. (NYSE:MBGL) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 49,529 shares of the company’s stock, valued at approximately $849,000.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Mobility Global in the third quarter valued at about $25,000. CX Institutional acquired a new stake in shares of Mobility Global during the third quarter worth about $30,000. Advisors Preferred LLC acquired a new stake in shares of Mobility Global during the second quarter worth about $36,000. Ashurst Perkins Coie Trust Co acquired a new stake in shares of Mobility Global during the third quarter worth about $38,000. Finally, Eastern Bank acquired a new stake in shares of Mobility Global during the third quarter worth about $55,000.

Mobility Global Stock Up 0.1%

NYSE MBGL opened at $18.54 on Thursday. Mobility Global, Inc. has a 1-year low of $16.95 and a 1-year high of $26.00. The company has a 50 day moving average price of $19.23. 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 (NYSE:MBGL) last posted its earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The firm had revenue of $468.00 million for the quarter. On average, analysts predict that Mobility Global, Inc. will post 1.52 EPS for the current year.

Mobility Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MBGL. Robert W. Baird lowered their target price on Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Royal Bank Of Canada began coverage on Mobility Global in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 price target for the company. Morgan Stanley initiated coverage on Mobility Global in a research note on Friday, October 9th. They set an “equal weight” rating and a $19.00 price target for the company. Wall Street Zen raised Mobility Global to a “hold” rating in a report on Saturday, July 18th. Finally, Zacks Research raised Mobility Global to a “hold” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.20.

Insider Activity

In other Mobility Global news, Director Mark Peek acquired 25,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of $19.50 per share, with a total value of $487,500.00. Following the purchase, the director owned 35,000 shares in the company, valued at approximately $682,500. The trade was a 250.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders 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.