Verra Mobility Co. (NASDAQ:VRRM) Shares Purchased by Osterweis Capital Management Inc.

Osterweis Capital Management Inc. grew its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 28.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,545 shares of the company's stock after buying an additional 70,100 shares during the period. Osterweis Capital Management Inc. owned 0.19% of Verra Mobility worth $7,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of VRRM. Pacer Advisors Inc. grew its holdings 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 valued at $44,000 after purchasing an additional 943 shares in the last quarter. Montag A & Associates Inc. purchased a new position in shares of Verra Mobility in the fourth quarter valued at $60,000. GAMMA Investing LLC purchased a new position in shares of Verra Mobility in the fourth quarter valued at $65,000. Quadrant Capital Group LLC grew its holdings 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 valued at $71,000 after purchasing an additional 1,537 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Verra Mobility in the fourth quarter valued at $73,000.

Verra Mobility Trading Down 1.0 %

Shares of VRRM traded down $0.27 during midday trading on Friday, hitting $25.58. The stock had a trading volume of 651,221 shares, compared to its average volume of 862,783. Verra Mobility Co. has a 1 year low of $17.04 and a 1 year high of $28.45. 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's 50 day moving average is $25.73 and its 200 day moving average is $23.73. The firm has a market cap of $4.26 billion, a PE ratio of 51.16, a price-to-earnings-growth ratio of 1.74 and a beta of 1.22.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate 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%. As a group, analysts forecast that Verra Mobility Co. will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Verra Mobility

In related news, Director Michael P. Huerta sold 8,690 shares of the company's stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $26.50, for a total transaction of $230,285.00. Following the transaction, the director now directly owns 18,025 shares in the company, valued at approximately $477,662.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Verra Mobility news, EVP Jonathan Baldwin sold 9,758 shares of the company's stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $26.14, for a total value of $255,074.12. Following the transaction, the executive vice president now directly owns 7,673 shares in the company, valued at approximately $200,572.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael P. Huerta sold 8,690 shares of the company's stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $26.50, for a total transaction of $230,285.00. Following the completion of the transaction, the director now owns 18,025 shares in the company, valued at $477,662.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,993 shares of company stock worth $736,974. Insiders own 0.96% of the company's stock.

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.