Homestead Advisers Corp Makes New $1.25 Million Investment in Verra Mobility Co. (NASDAQ:VRRM)

Homestead Advisers Corp purchased a new stake in Verra Mobility Co. (NASDAQ:VRRM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 51,800 shares of the company’s stock, valued at approximately $1,253,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VRRM. Natixis Advisors LLC increased its stake in Verra Mobility by 61.9% in the 3rd quarter. Natixis Advisors LLC now owns 19,059 shares of the company’s stock valued at $530,000 after buying an additional 7,285 shares during the last quarter. Intech Investment Management LLC bought a new position in Verra Mobility in the third quarter valued at $924,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Verra Mobility by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,719,661 shares of the company’s stock valued at $47,824,000 after buying an additional 37,131 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Verra Mobility by 73.0% in the 3rd quarter. Citigroup Inc. now owns 222,910 shares of the company’s stock worth $6,199,000 after acquiring an additional 94,073 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Verra Mobility during the third quarter valued at about $1,719,000.

Verra Mobility Trading Down 0.1 %

NASDAQ:VRRM opened at $21.04 on Thursday. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The company has a fifty day moving average of $24.22 and a 200 day moving average of $24.84. The firm has a market capitalization of $3.36 billion, a P/E ratio of 35.07, a P/E/G ratio of 2.18 and a beta of 1.30. Verra Mobility Co. has a 52 week low of $19.51 and a 52 week high of $31.03.

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.