Insider Buying: Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Acquires 5,442 Shares of Stock

Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III purchased 5,442 shares of the firm’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 purchase, the chief executive officer now owns 111,682 shares in the company, valued at $384,186.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, April 18th, Manuel Chavez III purchased 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 purchased 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 Stock Down 0.6 %

Shares of BEEP stock opened at $3.50 on Wednesday. The stock’s fifty day simple moving average is $3.69 and its 200 day simple moving average is $3.91. Mobile Infrastructure Co. has a one year low of $2.75 and a one year 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 during the quarter.

Hedge Funds Weigh In On Mobile Infrastructure

Several institutional investors have recently bought and sold shares of BEEP. International Assets Investment Management LLC bought a new position in Mobile Infrastructure in the 4th quarter valued at $1,193,000. Ausdal Financial Partners Inc. bought a new position in Mobile Infrastructure in the 3rd quarter valued at $328,000. Realta Investment Advisors bought a new position in Mobile Infrastructure in the 4th quarter valued at $345,000. Arkadios Wealth Advisors raised its position in shares of Mobile Infrastructure by 151.0% during the fourth quarter. Arkadios Wealth Advisors now owns 60,092 shares of the company’s stock worth $243,000 after acquiring an additional 36,154 shares during the last quarter. Finally, Atomi Financial Group Inc. bought a new stake in shares of Mobile Infrastructure during the third quarter worth $76,000. Institutional investors own 84.30% of the company’s stock.

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.