Aristides Capital LLC Buys New Position in Verra Mobility Co. (NASDAQ:VRRM)

Aristides Capital LLC bought a new position in shares of Verra Mobility Co. (NASDAQ:VRRM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,953 shares of the company’s stock, valued at approximately $337,000.

Other hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd increased its position in shares of Verra Mobility by 585.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company’s stock worth $114,000 after acquiring an additional 4,031 shares during the period. Wells Fargo & Company MN grew its stake in Verra Mobility by 7.2% during the 4th quarter. Wells Fargo & Company MN now owns 197,604 shares of the company’s stock worth $4,778,000 after purchasing an additional 13,236 shares in the last quarter. Motley Fool Asset Management LLC purchased a new stake in Verra Mobility during the 4th quarter worth about $1,480,000. Headlands Technologies LLC acquired a new stake in Verra Mobility in the 4th quarter valued at about $228,000. Finally, Martin Currie Ltd. boosted its stake in shares of Verra Mobility by 164.7% in the 4th quarter. Martin Currie Ltd. now owns 29,205 shares of the company’s stock valued at $706,000 after buying an additional 18,171 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley decreased their price target on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th.

Verra Mobility Stock Down 3.9 %

Shares of NASDAQ VRRM opened at $22.39 on Monday. The business has a 50-day moving average of $23.71 and a two-hundred day moving average of $24.59. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

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.