Centaurus Financial Inc. Raises Stock Holdings in Mobile Infrastructure Co. (NASDAQ:BEEP)

Centaurus Financial Inc. increased its holdings in shares of Mobile Infrastructure Co. (NASDAQ:BEEP) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 93,018 shares of the company’s stock after acquiring an additional 5,869 shares during the quarter. Centaurus Financial Inc. owned approximately 0.30% of Mobile Infrastructure worth $319,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Mobile Infrastructure in the 2nd quarter worth about $59,000. Hoylecohen LLC bought a new position in shares of Mobile Infrastructure during the 2nd quarter valued at approximately $66,000. Brookstone Capital Management increased its stake in shares of 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 purchasing an additional 13,418 shares during the last quarter. CWM LLC increased its stake in shares of 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 purchasing an additional 9,165 shares during the last quarter. Finally, Atomi Financial Group Inc. bought a new stake in shares of Mobile Infrastructure in the 1st quarter worth approximately $171,000. Hedge funds and other institutional investors own 84.30% of the company’s stock.

Mobile Infrastructure Price Performance

Shares of NASDAQ BEEP opened at $3.22 on Friday. The stock has a fifty day simple moving average of $3.13 and a two-hundred day simple moving average of $3.34. Mobile Infrastructure Co. has a 1-year low of $2.48 and a 1-year high of $6.30.

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