Geode Capital Management LLC Buys 81,727 Shares of Mobile Infrastructure Co. (NASDAQ:BEEP)

Geode Capital Management LLC lifted its stake in Mobile Infrastructure Co. (NASDAQ:BEEP) by 40.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 283,474 shares of the company’s stock after purchasing an additional 81,727 shares during the period. Geode Capital Management LLC owned 0.88% of Mobile Infrastructure worth $930,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Concorde Asset Management LLC increased its stake in shares of Mobile Infrastructure by 5.5% in the 3rd quarter. Concorde Asset Management LLC now owns 57,164 shares of the company’s stock valued at $187,000 after buying an additional 2,985 shares during the period. Centaurus Financial Inc. boosted its holdings in Mobile Infrastructure by 6.7% in the second quarter. Centaurus Financial Inc. now owns 93,018 shares of the company’s stock valued at $319,000 after acquiring an additional 5,869 shares during the last quarter. CWM LLC increased its position in Mobile Infrastructure by 40.8% in the third quarter. CWM LLC now owns 38,810 shares of the company’s stock worth $127,000 after purchasing an additional 11,245 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new stake in Mobile Infrastructure during the 2nd quarter worth about $59,000. Finally, Brookstone Capital Management lifted its position in Mobile Infrastructure by 84.2% during the 3rd quarter. Brookstone Capital Management now owns 48,355 shares of the company’s stock valued at $159,000 after purchasing an additional 22,097 shares during the period. Institutional investors own 84.30% of the company’s stock.

Mobile Infrastructure Stock Down 3.2 %

Shares of NASDAQ BEEP opened at $3.93 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $164.67 million, a PE ratio of -4.37 and a beta of 0.59. The firm’s 50-day moving average is $3.67 and its 200-day moving average is $3.31. Mobile Infrastructure Co. has a 1 year low of $2.48 and a 1 year high of $4.86.

Mobile Infrastructure Company 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.