Truvestments Capital LLC Buys 1,792 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Truvestments Capital LLC lifted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,344 shares of the company’s stock after purchasing an additional 1,792 shares during the quarter. Truvestments Capital LLC’s holdings in Verra Mobility were worth $637,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRRM. Wellington Management Group LLP boosted its position in shares of Verra Mobility by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after purchasing an additional 941,127 shares in the last quarter. State Street Corp lifted its position in Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after acquiring an additional 357,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Verra Mobility by 23.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company’s stock valued at $45,699,000 after acquiring an additional 313,080 shares in the last quarter. Braun Stacey Associates Inc. lifted its position in Verra Mobility by 148.0% in the 3rd quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock valued at $12,234,000 after acquiring an additional 262,509 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in Verra Mobility in the 3rd quarter valued at about $7,039,000.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $19.76 on Thursday. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The stock 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. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The firm’s 50-day simple moving average is $24.99 and its 200 day simple moving average is $25.29.

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.