Hoylecohen LLC Purchases Shares of 19,110 Mobile Infrastructure Co. (NASDAQ:BEEP)

Hoylecohen LLC acquired a new position in Mobile Infrastructure Co. (NASDAQ:BEEP) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 19,110 shares of the company’s stock, valued at approximately $66,000. Hoylecohen LLC owned approximately 0.06% of Mobile Infrastructure as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. J.W. Cole Advisors Inc. bought a new stake in Mobile Infrastructure in the fourth quarter worth about $48,000. Simplicity Wealth LLC bought a new stake in shares of Mobile Infrastructure in the 1st quarter worth approximately $63,000. Simplicity Solutions LLC acquired a new stake in Mobile Infrastructure during the fourth quarter valued at approximately $70,000. CWM LLC boosted its holdings in Mobile Infrastructure by 447.7% during the fourth quarter. CWM LLC now owns 18,408 shares of the company’s stock worth $75,000 after buying an additional 15,047 shares in the last quarter. Finally, Brookstone Capital Management grew its position in Mobile Infrastructure by 104.5% in the second quarter. Brookstone Capital Management now owns 26,258 shares of the company’s stock worth $90,000 after buying an additional 13,418 shares during the last quarter. Institutional investors and hedge funds own 84.30% of the company’s stock.

Mobile Infrastructure Price Performance

Shares of NASDAQ BEEP traded down $0.21 during trading on Friday, hitting $2.66. The company had a trading volume of 10,684 shares, compared to its average volume of 45,799. The business’s 50-day moving average is $3.15 and its 200 day moving average is $3.47. Mobile Infrastructure Co. has a 52 week low of $2.48 and a 52 week high of $13.99.

Mobile Infrastructure (NASDAQ:BEEP) last announced its earnings results on Wednesday, May 15th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $8.83 million during the quarter.

Insider Buying and Selling

In other news, CEO Manuel Chavez III purchased 9,375 shares of Mobile Infrastructure stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $3.49 per share, for a total transaction of $32,718.75. Following the transaction, the chief executive officer now owns 127,446 shares in the company, valued at $444,786.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mobile Infrastructure news, Director Jeffrey Osher bought 16,951 shares of the stock in a transaction on Tuesday, May 28th. The shares were bought at an average price of $3.39 per share, with a total value of $57,463.89. Following the purchase, the director now directly owns 51,951 shares in the company, valued at approximately $176,113.89. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Manuel Chavez III purchased 9,375 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $3.49 per share, with a total value of $32,718.75. Following the completion of the acquisition, the chief executive officer now owns 127,446 shares of the company’s stock, valued at approximately $444,786.54. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 54,633 shares of company stock valued at $186,733. 46.16% of the stock is owned by corporate insiders.

Mobile Infrastructure 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.