Mobile Infrastructure Co. (NASDAQ:BEEP) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its position in shares of Mobile Infrastructure Co. (NASDAQ:BEEP) by 25.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,459 shares of the company’s stock after selling 18,244 shares during the period. International Assets Investment Management LLC owned about 0.18% of Mobile Infrastructure worth $200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. grew its holdings in Mobile Infrastructure by 8.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 101,551 shares of the company’s stock worth $411,000 after acquiring an additional 7,482 shares in the last quarter. Realta Investment Advisors acquired a new position in Mobile Infrastructure during the 4th quarter worth approximately $345,000. Centaurus Financial Inc. boosted its holdings in shares of 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 buying an additional 13,764 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of 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 buying an additional 36,154 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of 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 buying an additional 15,047 shares in the last quarter. Institutional investors and hedge funds own 84.30% of the company’s stock.

Mobile Infrastructure Stock Performance

Shares of Mobile Infrastructure stock opened at $3.31 on Thursday. The company has a fifty day simple moving average of $3.49 and a 200-day simple moving average of $3.73. Mobile Infrastructure Co. has a 12-month low of $2.75 and a 12-month high of $20.12.

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

Insider Activity

In related news, Director Jeffrey Osher bought 16,951 shares of the stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average price of $3.39 per share, for a total transaction of $57,463.89. Following the acquisition, the director now owns 51,951 shares in the company, valued at approximately $176,113.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Mobile Infrastructure news, CEO Manuel Chavez III purchased 9,375 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average price of $3.49 per share, for a total transaction of $32,718.75. Following the purchase, the chief executive officer now directly owns 127,446 shares in the company, valued at $444,786.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Osher purchased 16,951 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of $3.39 per share, with a total value of $57,463.89. Following the purchase, the director now owns 51,951 shares in the company, valued at $176,113.89. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 96,432 shares of company stock worth $329,686. Corporate insiders own 46.16% of the company’s stock.

About Mobile Infrastructure

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.