Mobile Infrastructure Co. (NASDAQ:BEEP) Stock Position Cut by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its stake in Mobile Infrastructure Co. (NASDAQ:BEEP) by 25.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 54,459 shares of the company’s stock after selling 18,244 shares during the quarter. International Assets Investment Management LLC’s holdings in Mobile Infrastructure were worth $200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. J.W. Cole Advisors Inc. bought a new position in Mobile Infrastructure in the 4th quarter valued at about $48,000. Simplicity Solutions LLC acquired a new stake in Mobile Infrastructure in the 4th quarter valued at about $70,000. CWM LLC lifted its holdings in Mobile Infrastructure by 447.7% in the 4th quarter. CWM LLC now owns 18,408 shares of the company’s stock valued at $75,000 after acquiring an additional 15,047 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in Mobile Infrastructure by 151.0% in the 4th quarter. Arkadios Wealth Advisors now owns 60,092 shares of the company’s stock valued at $243,000 after acquiring an additional 36,154 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its holdings in Mobile Infrastructure by 21.1% in the 4th quarter. Centaurus Financial Inc. now owns 79,007 shares of the company’s stock valued at $320,000 after acquiring an additional 13,764 shares during the last quarter. Institutional investors own 84.30% of the company’s stock.

Mobile Infrastructure Price Performance

Shares of NASDAQ BEEP opened at $3.31 on Thursday. Mobile Infrastructure Co. has a twelve month low of $2.75 and a twelve month high of $20.12. The firm has a 50-day moving average of $3.49 and a two-hundred day moving average of $3.73.

Mobile Infrastructure (NASDAQ:BEEP) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $8.83 million for the quarter.

Insider Buying and Selling at Mobile Infrastructure

In other news, CEO Manuel Chavez III acquired 33,043 shares of Mobile Infrastructure stock in a transaction on Thursday, April 18th. The stock was bought at an average cost of $3.41 per share, with a total value of $112,676.63. Following the completion of the purchase, the chief executive officer now owns 51,124 shares of the company’s stock, valued at $174,332.84. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Jeffrey Osher acquired 16,951 shares of Mobile Infrastructure stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of $3.39 per share, with a total value of $57,463.89. Following the completion of the purchase, the director now owns 51,951 shares of the company’s stock, valued at $176,113.89. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Manuel Chavez III acquired 33,043 shares of Mobile Infrastructure stock in a transaction on Thursday, April 18th. The shares were purchased at an average cost of $3.41 per share, with a total value of $112,676.63. Following the completion of the purchase, the chief executive officer now directly owns 51,124 shares of the company’s stock, valued at approximately $174,332.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 96,432 shares of company stock valued at $329,686. 46.16% of the stock is currently owned by corporate insiders.

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.