Aristides Capital LLC Makes New Investment in Verra Mobility Co. (NASDAQ:VRRM)

Aristides Capital LLC bought a new position in shares of Verra Mobility Co. (NASDAQ:VRRM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,953 shares of the company’s stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock worth $56,000 after buying an additional 1,640 shares during the period. Avanza Fonder AB purchased a new position in shares of Verra Mobility during the fourth quarter worth approximately $74,000. Aster Capital Management DIFC Ltd increased its holdings in shares of Verra Mobility by 585.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company’s stock valued at $114,000 after acquiring an additional 4,031 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Verra Mobility in the 4th quarter valued at $129,000. Finally, PNC Financial Services Group Inc. boosted its stake in Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock worth $154,000 after purchasing an additional 409 shares during the period.

Verra Mobility Trading Down 3.9 %

Shares of VRRM stock opened at $22.39 on Monday. The company has a market capitalization of $3.57 billion, a P/E ratio of 37.32, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The business’s 50 day moving average is $23.71 and its two-hundred day moving average is $24.59. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03.

Wall Street Analyst Weigh In

Separately, Morgan Stanley dropped their price objective 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 Company 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.