Mobility Global (NYSE:MBGL) Director Mark Peek Buys 25,000 Shares of Stock

Mobility Global, Inc. (NYSE:MBGL) Director Mark Peek acquired 25,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $19.50 per share, with a total value of $487,500.00. Following the completion of the acquisition, the director directly owned 35,000 shares of the company’s stock, valued at $682,500. This trade represents a 250.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Mobility Global Trading Up 1.1%

MBGL traded up $0.21 during trading on Thursday, reaching $19.83. The stock had a trading volume of 3,749,713 shares, compared to its average volume of 9,945,265. The company has a market cap of $5.87 billion and a price-to-earnings ratio of 110.18. Mobility Global, Inc. has a one year low of $17.67 and a one year high of $26.00.

Mobility Global (NYSE:MBGL) last announced its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $468.00 million for the quarter. On average, analysts predict that Mobility Global, Inc. will post 1.45 EPS for the current year.

Mobility Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 27th.

Analysts Set New Price Targets

MBGL has been the topic of a number of research analyst reports. Robert W. Baird lowered their price objective on shares of Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday. UBS Group set a $23.00 target price on shares of Mobility Global in a research note on Thursday, July 2nd. Wells Fargo & Company lowered their price target on Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday. Royal Bank Of Canada began coverage on Mobility Global in a research note on Thursday, July 2nd. They issued a “sector perform” rating and a $23.00 price target on the stock. Finally, Wall Street Zen upgraded Mobility Global to a “hold” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Mobility Global stock. Advisors Preferred LLC bought a new position in shares of Mobility Global, Inc. (NYSE:MBGL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,800 shares of the company’s stock, valued at approximately $36,000.

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.