Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of Mercer International stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $13.83, for a total value of $165,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Mercer International Inc. (NASDAQ MERC) traded up $0.38 during trading on Friday, reaching $14.75. The company’s stock had a trading volume of 124,842 shares, compared to its average volume of 192,807. The company has a quick ratio of 2.44, a current ratio of 3.58 and a debt-to-equity ratio of 1.40. Mercer International Inc. has a 12-month low of $10.45 and a 12-month high of $15.00. The firm has a market capitalization of $959.00, a PE ratio of 20.49 and a beta of 1.48.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Tuesday, December 26th. This is a boost from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s dividend payout ratio (DPR) is 69.44%.
MERC has been the subject of a number of research analyst reports. BidaskClub upgraded Mercer International from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. CSFB cut Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Friday, October 27th. Credit Suisse Group cut Mercer International from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 26th. Finally, Royal Bank of Canada raised Mercer International from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $12.00 to $15.00 in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.19.
A number of institutional investors have recently made changes to their positions in the business. Walthausen & Co. LLC grew its stake in Mercer International by 8.1% in the second quarter. Walthausen & Co. LLC now owns 1,051,619 shares of the basic materials company’s stock valued at $12,094,000 after acquiring an additional 79,242 shares during the period. Kennedy Capital Management Inc. boosted its position in shares of Mercer International by 14.1% during the second quarter. Kennedy Capital Management Inc. now owns 386,307 shares of the basic materials company’s stock valued at $4,443,000 after buying an additional 47,623 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Mercer International by 22.2% during the second quarter. Russell Investments Group Ltd. now owns 314,654 shares of the basic materials company’s stock valued at $3,618,000 after buying an additional 57,063 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Mercer International by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 240,556 shares of the basic materials company’s stock valued at $2,767,000 after buying an additional 23,872 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Mercer International by 16.5% during the second quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock valued at $2,495,000 after buying an additional 30,661 shares during the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.
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About Mercer International
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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