In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Verso Corporation (NYSE:VRS) reported that Mudrick Capital Management, L.p. has picked up 5,218,411 of common stock as of 2017-06-21.
The acquisition brings the aggregate amount owned by Mudrick Capital Management, L.p. to a total of 5,218,411 representing a 15.36% stake in the company.
For those not familiar with the company, VERSO CORPORATION is a leading North American producer of printing papers, specialty papers and pulp. Our printing papers are designed primarily for commercial printing, media and marketing applications, including magazines, catalogs, books, direct mail, corporate collateral and retail inserts. Our specialty papers are used primarily for label and converting, flexible packaging and technical paper applications
A glance at Verso Corporation (NYSE:VRS)’s key stats reveals a current market capitalization of $ 135.73 Million based on $33.85 Million shares outstanding and a price at last close of $4.04 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-08-29, Campbell picked up 15,000 at a purchase price of $6.09. This brings their total holding to 24,424 as of the date of the filing.
On the sell side, the most recent transaction saw Amen unload 2,636 shares at a sale price of $5.35. This brings their total holding to 6,957.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Verso Corporation (NYSE:VRS) as things move forward to see if its progress aligns with these transactions.
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