Verra Mobility Co. (NASDAQ:VRRM) Short Interest Update

Verra Mobility Co. (NASDAQ:VRRM) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 2,290,000 shares, a decrease of 13.6% from the May 31st total of 2,650,000 shares. Based on an average daily volume of 925,600 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.4% of the shares of the company are short sold.

Insider Activity

In related news, Director Michael P. Huerta sold 8,690 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $477,662.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Verra Mobility news, EVP Jonathan Baldwin sold 9,758 shares of the firm’s 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 sale, the executive vice president now owns 7,673 shares in the company, valued at $200,572.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael P. Huerta sold 8,690 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $26.50, for a total value of $230,285.00. Following the transaction, the director now owns 18,025 shares of the company’s stock, valued at $477,662.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,993 shares of company stock valued at $736,974. 0.96% of the stock is currently owned by insiders.

Institutional Trading of Verra Mobility

A number of institutional investors have recently made changes to their positions in VRRM. Dimensional Fund Advisors LP raised its holdings in Verra Mobility by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,953,696 shares of the company’s stock worth $68,024,000 after purchasing an additional 189,492 shares in the last quarter. Fairview Capital Investment Management LLC raised its stake in shares of Verra Mobility by 6.6% in the 4th quarter. Fairview Capital Investment Management LLC now owns 2,298,973 shares of the company’s stock worth $52,945,000 after buying an additional 142,175 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Verra Mobility by 1,439.4% in the 3rd quarter. American Century Companies Inc. now owns 1,707,090 shares of the company’s stock worth $31,923,000 after buying an additional 1,596,194 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Verra Mobility by 67.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,676,017 shares of the company’s stock valued at $84,659,000 after buying an additional 1,474,740 shares during the period. Finally, Meritage Portfolio Management boosted its stake in Verra Mobility by 5.6% during the fourth quarter. Meritage Portfolio Management now owns 30,399 shares of the company’s stock valued at $700,000 after buying an additional 1,605 shares in the last quarter.

Verra Mobility Trading Down 1.4 %

Shares of VRRM stock opened at $26.83 on Tuesday. Verra Mobility has a 1 year low of $17.04 and a 1 year high of $28.45. The firm has a market capitalization of $4.47 billion, a PE ratio of 53.66, a price-to-earnings-growth ratio of 1.83 and a beta of 1.22. The stock has a fifty day moving average of $26.34 and a two-hundred day moving average of $24.20. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.64 and a current ratio of 2.75.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $209.73 million for the quarter, compared to analysts’ expectations of $202.78 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. As a group, research analysts expect that Verra Mobility will post 1.09 EPS 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.