KLS Diversified Asset Management LP recently disclosed that they own a 9.8% stake in Verso Corp (NYSE:VRS) in a Form 13G disclosure that was filed with the Securities and Exchange Commission on Monday, September 26th. The investor owns 3,271,544 shares of the stock worth $22,213,784. The reporting parties listed on the disclosure included KLS Diversified Asset Management LP and KLS Diversified Master Fund LP. The disclosure is available through Edgar at this link.
Shares of Verso Corp (NYSE:VRS) traded up 1.47% during trading on Monday, reaching $6.89. The company’s stock had a trading volume of 6,982 shares. Verso Corp has a 12 month low of $5.55 and a 12 month high of $12.00. The firm’s market cap is $236.95 million. The stock’s 50 day moving average price is $7.54 and its 200-day moving average price is $8.55.
Separately, BWS Financial initiated coverage on Verso Corp in a research report on Wednesday, July 27th. They issued a “buy” rating and a $25.00 target price on the stock.
In other Verso Corp news, CFO Allen James Campbell purchased 15,000 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was purchased at an average cost of $6.09 per share, for a total transaction of $91,350.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Verso Corp Company Profile
Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.
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