Adirondack Research & Management Inc. acquired a new stake in Verra Mobility Corp (NASDAQ:VRRM) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 59,710 shares of the company’s stock, valued at approximately $711,000.

Several other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in shares of Verra Mobility by 6.6% in the first quarter. Janus Henderson Group PLC now owns 55,269 shares of the company’s stock valued at $658,000 after acquiring an additional 3,433 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Verra Mobility in the first quarter valued at approximately $90,000. United Services Automobile Association acquired a new stake in shares of Verra Mobility in the fourth quarter valued at approximately $112,000. Marshall Wace LLP boosted its holdings in shares of Verra Mobility by 2.3% in the first quarter. Marshall Wace LLP now owns 1,299,494 shares of the company’s stock valued at $15,464,000 after acquiring an additional 29,169 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Verra Mobility in the fourth quarter valued at approximately $440,000. 42.01% of the stock is owned by institutional investors and hedge funds.

In other news, Director Platinum Equity Llc sold 15,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $12.13, for a total transaction of $181,950,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

VRRM stock opened at $12.45 on Monday. The company has a market capitalization of $1.97 billion, a PE ratio of -18.58 and a beta of 0.57. Verra Mobility Corp has a twelve month low of $9.00 and a twelve month high of $15.07. The company has a debt-to-equity ratio of 2.82, a current ratio of 2.44 and a quick ratio of 2.44.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The firm had revenue of $98.46 million during the quarter, compared to analyst estimates of $91.60 million. On average, sell-side analysts predict that Verra Mobility Corp will post 0.83 EPS for the current year.

Several research firms have recently weighed in on VRRM. William Blair began coverage on Verra Mobility in a report on Wednesday, April 24th. They issued an “outperform” rating and a $13.08 price objective for the company. ValuEngine raised Verra Mobility from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, BTIG Research began coverage on Verra Mobility in a report on Wednesday, March 27th. They issued a “buy” rating and a $15.00 price objective for the company.

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Verra Mobility Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.

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Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

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