Mobile Infrastructure Co. (NASDAQ:BEEP) Shares Sold by Concorde Asset Management LLC

Concorde Asset Management LLC trimmed its position in Mobile Infrastructure Co. (NASDAQ:BEEP) by 12.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,179 shares of the company’s stock after selling 7,505 shares during the quarter. Concorde Asset Management LLC owned approximately 0.18% of Mobile Infrastructure worth $186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Prevail Innovative Wealth Advisors LLC acquired a new stake in Mobile Infrastructure during the 2nd quarter worth $59,000. Atomi Financial Group Inc. raised its stake in Mobile Infrastructure by 28.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 57,074 shares of the company’s stock worth $196,000 after acquiring an additional 12,661 shares in the last quarter. Hoylecohen LLC acquired a new stake in Mobile Infrastructure during the 2nd quarter worth $66,000. Brookstone Capital Management raised its stake in Mobile Infrastructure by 104.5% during the 2nd quarter. Brookstone Capital Management now owns 26,258 shares of the company’s stock worth $90,000 after acquiring an additional 13,418 shares in the last quarter. Finally, CWM LLC raised its stake in Mobile Infrastructure by 49.8% during the 2nd quarter. CWM LLC now owns 27,565 shares of the company’s stock worth $95,000 after acquiring an additional 9,165 shares in the last quarter. 84.30% of the stock is currently owned by institutional investors and hedge funds.

Mobile Infrastructure Trading Up 1.0 %

Shares of NASDAQ:BEEP opened at $2.99 on Friday. Mobile Infrastructure Co. has a 12 month low of $2.48 and a 12 month high of $6.30. The company’s fifty day moving average price is $3.10 and its 200 day moving average price is $3.38.

Mobile Infrastructure (NASDAQ:BEEP) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. Mobile Infrastructure had a negative return on equity of 3.08% and a negative net margin of 74.35%. The business had revenue of $9.27 million for the quarter.

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.