GSA Capital Partners LLP Takes $655,000 Position in Verra Mobility Corp (NASDAQ:VRRM)

Key Points

• GSA Capital Partners LLP acquired 29,099 shares of Verra Mobility Corp (NASDAQ:VRRM) valued at approximately $655,000, marking a significant new investment in the company.
• Insider trading was reported, with Jonathan Keyser selling 18,719 shares for about $454,497, which resulted in a 94.07% decrease in his ownership stake in the company.
• Verra Mobility's stock recently traded at $24.64, down 2.5%, and the company reported a net margin of 3.88% with a revenue increase of 6.5% compared to the previous year.

GSA Capital Partners LLP purchased a new stake in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,099 shares of the company's stock, valued at approximately $655,000.

A number of other large investors have also made changes to their positions in VRRM. Arizona State Retirement System grew its holdings in Verra Mobility by 4.2% during the first quarter. Arizona State Retirement System now owns 47,252 shares of the company's stock valued at $1,064,000 after purchasing an additional 1,891 shares during the last quarter. LPL Financial LLC grew its position in Verra Mobility by 8.4% in the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company's stock worth $3,673,000 after purchasing an additional 11,772 shares during the last quarter. GAMMA Investing LLC grew its position in Verra Mobility by 2,258.8% in the 1st quarter. GAMMA Investing LLC now owns 83,242 shares of the company's stock worth $1,874,000 after purchasing an additional 79,713 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Verra Mobility in the 1st quarter worth $816,000. Finally, Xponance Inc. lifted its position in Verra Mobility by 4.9% in the first quarter. Xponance Inc. now owns 12,451 shares of the company's stock worth $280,000 after purchasing an additional 586 shares during the period.

Insider Buying and Selling

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $24.28, for a total value of $454,497.32. Following the transaction, the insider owned 1,179 shares in the company, valued at approximately $28,626.12. This trade represents a 94.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.05% of the company's stock.

Analyst Ratings Changes

VRRM has been the topic of several analyst reports. Robert W. Baird increased their target price 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. Baird R W raised Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. UBS Group reduced their target price 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. Finally, Wall Street Zen downgraded shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $27.38.

Verra Mobility Price Performance

Shares of VRRM stock traded down $0.86 on Thursday, reaching $24.10. The company's stock had a trading volume of 1,792,956 shares, compared to its average volume of 1,131,635. 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 stock's fifty day simple moving average is $24.73 and its 200-day simple moving average is $23.84. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 120.47, a price-to-earnings-growth ratio of 2.41 and a beta of 0.79. Verra Mobility Corp has a 1 year low of $19.51 and a 1 year high of $29.07.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The company had revenue of $223.25 million during the quarter, compared to analyst estimates of $216.94 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

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.