Aristides Capital LLC Acquires New Shares in Verra Mobility Co. (NASDAQ:VRRM)

Aristides Capital LLC bought a new position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 13,953 shares of the company's stock, valued at approximately $337,000.

A number of other institutional investors have also bought and sold shares of VRRM. Verition Fund Management LLC bought a new position in shares of Verra Mobility in the third quarter worth about $386,000. Integrated Wealth Concepts LLC boosted its stake in Verra Mobility by 3.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 27,813 shares of the company's stock worth $774,000 after purchasing an additional 844 shares during the period. Stifel Financial Corp grew its holdings in Verra Mobility by 179.2% during the 3rd quarter. Stifel Financial Corp now owns 57,186 shares of the company's stock valued at $1,590,000 after buying an additional 36,705 shares in the last quarter. State Street Corp raised its position in shares of Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company's stock valued at $175,234,000 after buying an additional 357,078 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of Verra Mobility in the third quarter worth $1,355,000.

Verra Mobility Trading Up 0.3 %

Verra Mobility stock traded up $0.07 during midday trading on Friday, reaching $21.80. The stock had a trading volume of 1,125,014 shares, compared to its average volume of 1,146,645. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03. The company has a fifty day moving average of $23.03 and a 200 day moving average of $24.34. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

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Wall Street Analysts Forecast Growth

Separately, Morgan Stanley decreased their price target on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th.

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.