Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $14.36, for a total value of $172,320.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Mercer International Inc. (NASDAQ MERC) opened at $14.55 on Thursday. Mercer International Inc. has a fifty-two week low of $10.45 and a fifty-two week high of $15.00. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.58 and a quick ratio of 2.44. The firm has a market capitalization of $946.00, a P/E ratio of 20.21 and a beta of 1.48.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.32 earnings per share for the quarter. Mercer International had a return on equity of 13.50% and a net margin of 4.49%.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, December 26th. This represents a $0.50 annualized dividend and a yield of 3.44%. This is a boost from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s dividend payout ratio (DPR) is 69.44%.
Several equities analysts recently issued reports on MERC shares. Royal Bank of Canada upgraded Mercer International from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $12.00 to $15.00 in a research report on Wednesday, October 18th. Credit Suisse Group cut Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. CSFB cut Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Friday, October 27th. Finally, BidaskClub cut Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.19.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Walthausen & Co. LLC lifted its holdings in Mercer International by 8.1% in the 2nd quarter. Walthausen & Co. LLC now owns 1,051,619 shares of the basic materials company’s stock worth $12,094,000 after buying an additional 79,242 shares during the period. Bank of New York Mellon Corp lifted its holdings in 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 during the period. Nationwide Fund Advisors lifted its holdings in 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 during the period. Renaissance Group LLC lifted 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 valued at $511,000 after purchasing an additional 4,087 shares during the period. Finally, Parametric Portfolio Associates LLC lifted 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 valued at $224,000 after purchasing an additional 1,654 shares during the period. Institutional investors and hedge funds own 79.00% of the company’s stock.
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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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