Insider Buying: Mobile Infrastructure Co. (NASDAQ:BEEP) Director Purchases 16,951 Shares of Stock

Mobile Infrastructure Co. (NASDAQ:BEEPGet Free Report) Director Jeffrey Osher acquired 16,951 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $3.39 per share, with a total value of $57,463.89. Following the transaction, the director now owns 51,951 shares in the company, valued at $176,113.89. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mobile Infrastructure Price Performance

Shares of BEEP traded up $0.01 during trading hours on Wednesday, reaching $3.41. The stock had a trading volume of 84,647 shares, compared to its average volume of 26,276. Mobile Infrastructure Co. has a 52 week low of $2.75 and a 52 week high of $20.12. The firm has a 50-day moving average of $3.57 and a 200 day moving average of $3.86.

Mobile Infrastructure (NASDAQ:BEEPGet Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.69) EPS for the quarter. The company had revenue of $7.89 million for the quarter.

Hedge Funds Weigh In On Mobile Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in Mobile Infrastructure in the 4th quarter worth $1,193,000. Ausdal Financial Partners Inc. boosted its stake in Mobile Infrastructure by 8.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 101,551 shares of the company’s stock worth $411,000 after purchasing an additional 7,482 shares during the period. Realta Investment Advisors acquired a new position in Mobile Infrastructure in the 4th quarter worth $345,000. J.W. Cole Advisors Inc. acquired a new position in Mobile Infrastructure in the 4th quarter worth $48,000. Finally, CWM LLC boosted its stake in Mobile Infrastructure by 447.7% in the 4th quarter. CWM LLC now owns 18,408 shares of the company’s stock worth $75,000 after purchasing an additional 15,047 shares during the period. 84.30% of the stock is owned by institutional investors and hedge funds.

Mobile Infrastructure Company Profile

(Get Free Report)

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.

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