Verso Corp (VRS) CFO Allen James Campbell Buys 1,000 Shares
Verso Corp (NYSE:VRS) CFO Allen James Campbell acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average cost of $27.00 per share, for a total transaction of $27,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
VRS traded up $0.21 on Thursday, reaching $26.19. 14,668 shares of the company traded hands, compared to its average volume of 422,411. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 1.96. The company has a market capitalization of $911.85 million, a PE ratio of -34.80 and a beta of 2.23. Verso Corp has a 52-week low of $7.86 and a 52-week high of $34.60.
Verso (NYSE:VRS) last posted its earnings results on Wednesday, November 7th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.10). The business had revenue of $704.00 million during the quarter, compared to analyst estimates of $714.15 million. Verso had a net margin of 4.61% and a return on equity of 17.33%. On average, equities analysts forecast that Verso Corp will post 3.53 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of VRS. Nisa Investment Advisors LLC acquired a new stake in Verso in the second quarter valued at approximately $118,000. SG Americas Securities LLC acquired a new stake in Verso in the second quarter valued at approximately $125,000. One Wealth Advisors LLC acquired a new stake in Verso in the third quarter valued at approximately $132,000. Jane Street Group LLC acquired a new stake in Verso in the third quarter valued at approximately $205,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in Verso in the third quarter valued at approximately $237,000. Hedge funds and other institutional investors own 88.69% of the company’s stock.
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Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.
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