Headlands Technologies LLC Takes Position in Verra Mobility Co. (NASDAQ:VRRM)

Headlands Technologies LLC bought a new stake in Verra Mobility Co. (NASDAQ:VRRM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,178 shares of the company’s stock, valued at approximately $73,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VRRM. Carmel Capital Partners LLC acquired a new position in shares of Verra Mobility in the 3rd quarter valued at approximately $27,000. Pacer Advisors Inc. raised its position in shares of Verra Mobility by 98.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,905 shares of the company’s stock valued at $44,000 after buying an additional 943 shares in the last quarter. Assetmark Inc. acquired a new position in Verra Mobility during the 3rd quarter worth approximately $58,000. NBC Securities Inc. acquired a new position in Verra Mobility during the 3rd quarter worth approximately $62,000. Finally, GAMMA Investing LLC acquired a new position in Verra Mobility during the 4th quarter worth approximately $65,000.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upped their price objective on shares of Verra Mobility from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 27th.

Insiders Place Their Bets

In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of the business’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 transaction of $228,200.00. Following the sale, the director now directly owns 41,275 shares of the company’s stock, valued at approximately $941,895.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director John H. Rexford sold 10,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 41,275 shares of the company’s stock, valued at approximately $941,895.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan Keyser sold 7,789 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Verra Mobility Trading Down 3.2 %

VRRM opened at $23.58 on Wednesday. Verra Mobility Co. has a fifty-two week low of $16.22 and a fifty-two week high of $25.57. The company has a debt-to-equity ratio of 2.44, a current ratio of 2.05 and a quick ratio of 1.96. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 65.50, a PEG ratio of 1.83 and a beta of 1.17. The company’s 50 day moving average price is $23.60 and its two-hundred day moving average price is $22.20.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Thursday, February 29th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Verra Mobility had a return on equity of 41.86% and a net margin of 6.98%. The business had revenue of $211.01 million for the quarter, compared to the consensus estimate of $201.76 million. As a group, research analysts predict that Verra Mobility Co. will post 1.07 earnings per share for the current year.

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.