Telemark Asset Management LLC lessened its stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 600,000 shares of the company's stock after selling 100,000 shares during the period. Verra Mobility comprises about 1.4% of Telemark Asset Management LLC's investment portfolio, making the stock its 21st largest position. Telemark Asset Management LLC owned approximately 0.36% of Verra Mobility worth $14,508,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in VRRM. First Horizon Advisors Inc. increased its stake in Verra Mobility by 192.0% during the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company's stock valued at $32,000 after purchasing an additional 745 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after purchasing an additional 1,640 shares during the last quarter. Avanza Fonder AB bought a new stake in Verra Mobility during the fourth quarter valued at $74,000. US Bancorp DE increased its stake in Verra Mobility by 10.3% during the third quarter. US Bancorp DE now owns 4,478 shares of the company's stock valued at $125,000 after purchasing an additional 418 shares during the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in Verra Mobility during the fourth quarter valued at $129,000.
Verra Mobility Stock Down 0.8 %
VRRM stock opened at $19.76 on Thursday. 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 Co. has a 1-year low of $19.51 and a 1-year high of $31.03. The firm has a fifty day moving average price of $24.99 and a two-hundred day moving average price of $25.29. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.18 and a beta of 1.30.
Verra Mobility Company Profile
(
Free Report)
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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