EntryPoint Capital LLC Makes New Investment in Verra Mobility Co. (NASDAQ:VRRM)

EntryPoint Capital LLC acquired a new stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,779 shares of the company's stock, valued at approximately $382,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Natixis Advisors LLC increased its stake in shares of Verra Mobility by 61.9% in the 3rd quarter. Natixis Advisors LLC now owns 19,059 shares of the company's stock valued at $530,000 after acquiring an additional 7,285 shares during the last quarter. Intech Investment Management LLC bought a new stake in Verra Mobility in the third quarter valued at approximately $924,000. Charles Schwab Investment Management Inc. raised its holdings in Verra Mobility by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,719,661 shares of the company's stock worth $47,824,000 after purchasing an additional 37,131 shares during the period. Citigroup Inc. boosted its position in shares of Verra Mobility by 73.0% during the third quarter. Citigroup Inc. now owns 222,910 shares of the company's stock worth $6,199,000 after purchasing an additional 94,073 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Verra Mobility in the 3rd quarter valued at $1,719,000.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley dropped their price objective on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday.

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Verra Mobility Stock Up 11.5 %

Shares of VRRM traded up $2.32 during midday trading on Monday, hitting $22.51. The stock had a trading volume of 3,825,586 shares, compared to its average volume of 1,119,463. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 37.52, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The company has a 50 day simple moving average of $23.97 and a two-hundred day simple moving average of $24.71. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

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.