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 research analysts recently commented on VRS shares. ValuEngine downgraded shares of Verso from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. B. Riley boosted their price objective on shares of Verso from $34.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, September 25th. Finally, BWS Financial boosted their price objective on shares of Verso from $32.00 to $40.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 8th.

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.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2018/11/15/verso-corp-vrs-cfo-allen-james-campbell-buys-1000-shares.html.

About Verso

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.

Read More: Ex-Dividend

Insider Buying and Selling by Quarter for Verso (NYSE:VRS)

Receive News & Ratings for Verso Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verso and related companies with MarketBeat.com's FREE daily email newsletter.