RK Capital Management LLC Acquires Shares of 271,300 Verra Mobility Co. (NASDAQ:VRRM)

RK Capital Management LLC acquired a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 271,300 shares of the company's stock, valued at approximately $6,248,000. RK Capital Management LLC owned approximately 0.16% of Verra Mobility as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of VRRM. Pacer Advisors Inc. grew its stake in shares of Verra Mobility by 98.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,905 shares of the company's stock worth $44,000 after acquiring an additional 943 shares during the period. Montag A & Associates Inc. bought a new stake in shares of Verra Mobility in the fourth quarter worth approximately $60,000. GAMMA Investing LLC bought a new stake in shares of Verra Mobility in the fourth quarter worth approximately $65,000. Quadrant Capital Group LLC grew its stake in shares of Verra Mobility by 99.5% in the fourth quarter. Quadrant Capital Group LLC now owns 3,081 shares of the company's stock worth $71,000 after acquiring an additional 1,537 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Verra Mobility in the fourth quarter worth approximately $73,000.

Verra Mobility Stock Performance

Shares of VRRM traded down $0.17 on Monday, reaching $26.47. The company's stock had a trading volume of 619,144 shares, compared to its average volume of 1,015,930. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.75 and a quick ratio of 2.64. The stock has a market capitalization of $4.41 billion, a P/E ratio of 52.94, a PEG ratio of 1.80 and a beta of 1.22. The stock's 50 day simple moving average is $25.50 and its two-hundred day simple moving average is $23.37. Verra Mobility Co. has a 12-month low of $17.04 and a 12-month high of $28.45.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $209.73 million for the quarter, compared to the consensus estimate of $202.78 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. Research analysts forecast that Verra Mobility Co. will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John H. Rexford sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total value of $228,200.00. Following the transaction, the director now owns 41,275 shares of the company's stock, valued at $941,895.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lifted their price target on shares of Verra Mobility from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 27th.

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.

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