GSA Capital Partners LLP Buys Shares of 29,099 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 acquired a new position 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. The fund acquired 29,099 shares of the company's stock, valued at approximately $655,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRRM. Price T Rowe Associates Inc. MD boosted its holdings in shares of VERRA MOBILITY by 10.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock worth $220,323,000 after acquiring an additional 837,648 shares during the period. Westwood Holdings Group Inc. boosted its stake in VERRA MOBILITY by 28.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock valued at $107,862,000 after buying an additional 994,775 shares during the period. Dimensional Fund Advisors LP boosted its stake in VERRA MOBILITY by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,268,729 shares of the company's stock valued at $79,037,000 after buying an additional 71,031 shares during the period. Northern Trust Corp raised its position in VERRA MOBILITY by 1.7% during the fourth quarter. Northern Trust Corp now owns 2,343,138 shares of the company's stock valued at $56,657,000 after purchasing an additional 39,777 shares in the last quarter. Finally, Fairview Capital Investment Management LLC raised its position in VERRA MOBILITY by 4.5% during the fourth quarter. Fairview Capital Investment Management LLC now owns 2,264,633 shares of the company's stock valued at $54,759,000 after purchasing an additional 97,784 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on VRRM. Robert W. Baird lifted their price objective on 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 research note on Tuesday, April 22nd. UBS Group cut their target price on VERRA MOBILITY from $31.50 to $29.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen cut VERRA MOBILITY from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. One investment 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 stock. Based on data from MarketBeat.com, VERRA MOBILITY presently has a consensus rating of "Buy" and a consensus target price of $27.38.

VERRA MOBILITY Trading Down 0.5%

Shares of NASDAQ:VRRM traded down $0.13 during trading on Tuesday, reaching $25.14. 1,470,630 shares of the company were exchanged, compared to its average volume of 817,214. The firm has a market capitalization of $4.01 billion, a PE ratio of 125.70, a P/E/G ratio of 2.43 and a beta of 0.79. The business's fifty day simple moving average is $24.69 and its 200-day simple moving average is $23.82. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.19 and a quick ratio of 2.10. VERRA MOBILITY CORP has a 12-month low of $19.51 and a 12-month high of $29.07.

VERRA MOBILITY (NASDAQ:VRRM - Get Free Report) last issued 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 business had revenue of $223.25 million during the quarter, compared to the consensus estimate of $216.94 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The company's revenue was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that VERRA MOBILITY CORP will post 1.08 EPS for the current year.

Insider Buying and Selling at VERRA MOBILITY

In other news, insider Jonathan Keyser sold 18,719 shares of VERRA MOBILITY stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the sale, the insider owned 1,179 shares of the company's stock, valued at $28,626.12. The trade was a 94.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.05% of the company's stock.

VERRA MOBILITY Profile

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.