GAMMA Investing LLC Has $1.87 Million Position in Verra Mobility Corp (NASDAQ:VRRM)

GAMMA Investing LLC grew its stake in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 2,258.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,242 shares of the company's stock after acquiring an additional 79,713 shares during the period. GAMMA Investing LLC owned 0.05% of Verra Mobility worth $1,874,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. New York State Teachers Retirement System raised its stake in shares of Verra Mobility by 24.9% during the 4th quarter. New York State Teachers Retirement System now owns 78,842 shares of the company's stock worth $1,906,000 after purchasing an additional 15,719 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Verra Mobility by 26.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 91,228 shares of the company's stock valued at $2,206,000 after acquiring an additional 19,177 shares during the last quarter. Peregrine Capital Management LLC grew its position in Verra Mobility by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 541,289 shares of the company's stock worth $13,088,000 after acquiring an additional 9,571 shares in the last quarter. Alberta Investment Management Corp increased its stake in shares of Verra Mobility by 61.6% during the 4th quarter. Alberta Investment Management Corp now owns 105,497 shares of the company's stock worth $2,551,000 after purchasing an additional 40,197 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Verra Mobility by 5.0% during the 4th quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company's stock valued at $101,938,000 after purchasing an additional 200,000 shares in the last quarter.

Verra Mobility Stock Performance

NASDAQ:VRRM traded down $0.18 during mid-day trading on Tuesday, hitting $23.99. 703,990 shares of the company's stock traded hands, compared to its average volume of 1,175,306. The company has a current ratio of 2.19, a quick ratio of 2.10 and a debt-to-equity ratio of 3.45. The firm has a 50 day moving average of $23.12 and a two-hundred day moving average of $23.63. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 119.95, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. Verra Mobility Corp has a 12 month low of $19.51 and a 12 month high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The business had revenue of $223.25 million for the quarter, compared to the consensus estimate of $216.94 million. During the same quarter last year, the company posted $0.27 earnings per share. Verra Mobility's quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Morgan Stanley decreased their target price on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Robert W. Baird upped their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Verra Mobility currently has an average rating of "Buy" and a consensus target price of $27.38.

Insiders Place Their Bets

In other news, insider Jonathan Keyser sold 18,719 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.28, for a total transaction of $454,497.32. Following the completion of the transaction, the insider now owns 1,179 shares of the company's stock, valued at approximately $28,626.12. This represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.05% of the company's stock.

About Verra Mobility

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.