International Assets Investment Management LLC Increases Stock Holdings in Mobile Infrastructure Co. (NASDAQ:BEEP)

International Assets Investment Management LLC grew its position in shares of Mobile Infrastructure Co. (NASDAQ:BEEP) by 216.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 172,066 shares of the company’s stock after acquiring an additional 117,607 shares during the quarter. International Assets Investment Management LLC owned about 0.56% of Mobile Infrastructure worth $564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. acquired a new stake in shares of Mobile Infrastructure in the first quarter valued at about $171,000. Brookstone Capital Management boosted its holdings in Mobile Infrastructure by 84.2% in the third 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 last quarter. Hoylecohen LLC purchased a new position in Mobile Infrastructure in the second quarter valued at about $66,000. Prevail Innovative Wealth Advisors LLC purchased a new position in Mobile Infrastructure in the second quarter valued at about $59,000. Finally, CWM LLC lifted its holdings in Mobile Infrastructure by 40.8% during the 3rd quarter. CWM LLC now owns 38,810 shares of the company’s stock worth $127,000 after buying an additional 11,245 shares during the last quarter. 84.30% of the stock is currently owned by institutional investors and hedge funds.

Mobile Infrastructure Stock Up 3.3 %

NASDAQ:BEEP opened at $3.16 on Wednesday. The business’s 50 day moving average is $3.20 and its two-hundred day moving average is $3.25. Mobile Infrastructure Co. has a 52 week low of $2.48 and a 52 week high of $6.30. The company has a market cap of $101.44 million, a PE ratio of -1.21 and a beta of 0.67.

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

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.