Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III Acquires 5,442 Shares of Stock

Mobile Infrastructure Co. (NASDAQ:BEEP) CEO Manuel Chavez III purchased 5,442 shares of the stock in a transaction dated Monday, April 22nd. The stock was purchased at an average price of $3.44 per share, with a total value of $18,720.48. Following the completion of the acquisition, the chief executive officer now directly owns 111,682 shares in the company, valued at approximately $384,186.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 purchased at an average price of $3.41 per share, with a total value of $112,676.63.
• On Tuesday, April 16th, Manuel Chavez III acquired 1,220 shares of Mobile Infrastructure stock. The shares were bought at an average price of $3.49 per share, with a total value of $4,257.80.

Mobile Infrastructure Stock Performance

Shares of BEEP opened at $3.50 on Wednesday. The stock has a fifty day moving average price of $3.69 and a 200 day moving average price of $3.91. Mobile Infrastructure Co. has a 12 month low of $2.75 and a 12 month high of $20.12.

Mobile Infrastructure (NASDAQ:BEEP) last issued 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 during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BEEP. Wagner Wealth Management LLC bought a new position in Mobile Infrastructure during the 3rd quarter worth $35,000. J.W. Cole Advisors Inc. acquired a new position in Mobile Infrastructure during the 4th quarter worth $48,000. Simplicity Solutions LLC acquired a new position in Mobile Infrastructure during the 4th quarter worth $70,000. CWM LLC boosted 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 acquiring an additional 15,047 shares during the period. Finally, Atomi Financial Group Inc. acquired a new position in Mobile Infrastructure during the 3rd quarter worth $76,000. 84.30% of the stock is currently owned by institutional investors.

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.