Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Buys $18,720.48 in Stock

Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III bought 5,442 shares of Mobile Infrastructure stock in a transaction that occurred on Monday, April 22nd. The shares were acquired at an average cost of $3.44 per share, with a total value of $18,720.48. Following the acquisition, the chief executive officer now owns 111,682 shares of the company’s stock, valued at $384,186.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Manuel Chavez III also recently made the following trade(s):

• On Wednesday, April 24th, Manuel Chavez III bought 1,535 shares of Mobile Infrastructure stock. The shares were acquired at an average cost of $3.48 per share, with a total value of $5,341.80.
• On Thursday, April 18th, Manuel Chavez III bought 33,043 shares of Mobile Infrastructure stock. The shares were acquired at an average cost of $3.41 per share, with a total value of $112,676.63.
• On Tuesday, April 16th, Manuel Chavez III bought 1,220 shares of Mobile Infrastructure stock. The shares were acquired at an average cost of $3.49 per share, with a total value of $4,257.80.

Mobile Infrastructure Stock Up 3.2 %

BEEP opened at $3.59 on Friday. Mobile Infrastructure Co. has a fifty-two week low of $2.75 and a fifty-two week high of $20.12. The company has a fifty day moving average of $3.68 and a two-hundred day moving average of $3.90.

Mobile Infrastructure (NASDAQ:BEEP) last announced its earnings results on Thursday, March 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. The firm had revenue of $7.89 million for the quarter.

Hedge Funds Weigh In On Mobile Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of BEEP. Wagner Wealth Management LLC acquired a new position in Mobile Infrastructure during the third quarter worth about $35,000. J.W. Cole Advisors Inc. purchased a new position in Mobile Infrastructure during the fourth quarter worth about $48,000. Simplicity Wealth LLC purchased a new position in Mobile Infrastructure during the first quarter worth about $63,000. Simplicity Solutions LLC purchased a new position in Mobile Infrastructure during the fourth quarter worth about $70,000. Finally, CWM LLC raised its stake 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 purchasing an additional 15,047 shares during the period. 84.30% of the stock is currently owned by institutional investors and hedge funds.

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.