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

Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III bought 5,442 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was bought at an average cost of $3.44 per share, for a total transaction of $18,720.48. Following the completion of the transaction, the chief executive officer now directly owns 111,682 shares in the company, valued at $384,186.08. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, April 18th, Manuel Chavez III bought 33,043 shares of Mobile Infrastructure stock. The stock was bought at an average cost of $3.41 per share, for a total transaction of $112,676.63.
• On Tuesday, April 16th, Manuel Chavez III bought 1,220 shares of Mobile Infrastructure stock. The stock was bought at an average cost of $3.49 per share, for a total transaction of $4,257.80.

Mobile Infrastructure Trading Down 0.6 %

Shares of NASDAQ BEEP traded down $0.02 during mid-day trading on Tuesday, reaching $3.50. The company had a trading volume of 20,415 shares, compared to its average volume of 25,630. The firm has a 50 day simple moving average of $3.69 and a two-hundred day simple moving average of $3.91. Mobile Infrastructure Co. has a 52-week low of $2.75 and a 52-week high of $20.12.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BEEP. Wagner Wealth Management LLC purchased a new position in Mobile Infrastructure during the 3rd quarter worth $35,000. J.W. Cole Advisors Inc. purchased a new position in Mobile Infrastructure during the 4th quarter worth $48,000. Simplicity Solutions LLC purchased a new position in Mobile Infrastructure during the 4th quarter worth $70,000. CWM LLC grew its position in Mobile Infrastructure by 447.7% during 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 last quarter. Finally, Atomi Financial Group Inc. purchased a new position in Mobile Infrastructure during the 3rd quarter worth $76,000. 84.30% of the stock is owned by hedge funds and other institutional investors.

Mobile Infrastructure Company 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.