Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of Mercer International stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $14.19, for a total value of $170,280.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Mercer International Inc. (MERC) traded down $0.05 on Thursday, hitting $14.10. The stock had a trading volume of 126,900 shares, compared to its average volume of 175,071. Mercer International Inc. has a 12 month low of $10.45 and a 12 month high of $15.00. The company has a quick ratio of 2.44, a current ratio of 3.58 and a debt-to-equity ratio of 1.40. The company has a market cap of $933.00, a P/E ratio of 19.58 and a beta of 1.48.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Tuesday, December 26th. This is an increase from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s payout ratio is currently 69.44%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC raised its stake in shares of Mercer International by 9.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock worth $224,000 after buying an additional 1,654 shares in the last quarter. Renaissance Group LLC raised its stake in shares of Mercer International by 10.5% in the 3rd quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock worth $511,000 after buying an additional 4,087 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Mercer International by 16.5% in the 2nd quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock worth $2,495,000 after buying an additional 30,661 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Mercer International by 11.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 240,556 shares of the basic materials company’s stock worth $2,767,000 after buying an additional 23,872 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in shares of Mercer International by 14.1% in the 2nd quarter. Kennedy Capital Management Inc. now owns 386,307 shares of the basic materials company’s stock worth $4,443,000 after buying an additional 47,623 shares in the last quarter. 79.00% of the stock is currently owned by institutional investors.
MERC has been the topic of several recent analyst reports. BidaskClub downgraded Mercer International from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Royal Bank of Canada boosted their price objective on Mercer International from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Credit Suisse Group downgraded Mercer International from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 26th. Finally, CSFB downgraded Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Mercer International has an average rating of “Hold” and a consensus target price of $16.19.
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Mercer International Company Profile
Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.
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