Verra Mobility Co. (NASDAQ:VRRM) Short Interest Down 13.6% in June

Verra Mobility Co. (NASDAQ:VRRMGet Free Report) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 2,290,000 shares, a decline of 13.6% from the May 31st total of 2,650,000 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 925,600 shares, the short-interest ratio is presently 2.5 days.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM opened at $27.20 on Friday. The company has a market capitalization of $4.53 billion, a PE ratio of 54.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.64 and a current ratio of 2.75. The company’s fifty day moving average price is $26.28 and its 200 day moving average price is $24.16. Verra Mobility has a 1 year low of $17.04 and a 1 year high of $28.45.

Verra Mobility (NASDAQ:VRRMGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. The business had revenue of $209.73 million for the quarter, compared to analyst estimates of $202.78 million. On average, research analysts predict that Verra Mobility will post 1.09 earnings per share for the current year.

Insider Buying and Selling at Verra Mobility

In other news, Director Michael P. Huerta sold 8,690 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $26.50, for a total value of $230,285.00. Following the sale, the director now owns 18,025 shares in the company, valued at $477,662.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael P. Huerta sold 8,690 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $26.50, for a total value of $230,285.00. Following the sale, the director now owns 18,025 shares in the company, valued at $477,662.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Baldwin sold 9,758 shares of Verra Mobility stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $26.14, for a total value of $255,074.12. Following the transaction, the executive vice president now owns 7,673 shares of the company’s stock, valued at $200,572.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,993 shares of company stock worth $736,974. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Verra Mobility

Several institutional investors have recently bought and sold shares of the business. Swedbank AB acquired a new position in shares of Verra Mobility during the 1st quarter worth about $26,218,000. Public Employees Retirement System of Ohio boosted its holdings in Verra Mobility by 16,613.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 143,901 shares of the company’s stock worth $3,593,000 after buying an additional 143,040 shares during the last quarter. Fairview Capital Investment Management LLC increased its stake in Verra Mobility by 3.9% during the 1st quarter. Fairview Capital Investment Management LLC now owns 2,389,263 shares of the company’s stock worth $59,660,000 after buying an additional 90,290 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Verra Mobility by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,427,527 shares of the company’s stock valued at $185,466,000 after acquiring an additional 351,694 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Verra Mobility by 244.0% in the first quarter. Lazard Asset Management LLC now owns 1,309,245 shares of the company’s stock valued at $32,691,000 after acquiring an additional 928,597 shares in the last quarter.

Verra Mobility Company Profile

(Get 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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