Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) insider Jimmy S. H. Lee sold 25,000 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $14.46, for a total transaction of $361,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Mercer International Inc. (MERC) traded down $0.15 during midday trading on Thursday, hitting $14.40. 119,611 shares of the company’s stock traded hands, compared to its average volume of 156,392. The stock has a market cap of $936.25, a price-to-earnings ratio of 20.00 and a beta of 1.48. Mercer International Inc. has a 52 week low of $10.45 and a 52 week 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.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.32 EPS for the quarter. Mercer International had a net margin of 4.49% and a return on equity of 13.50%.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Wednesday, December 27th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, December 26th. This is a positive change from Mercer International’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a dividend yield of 3.47%. Mercer International’s payout ratio is currently 69.44%.
Institutional investors have recently added to or reduced their stakes in the stock. Walthausen & Co. LLC boosted its position in shares of 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 in the last quarter. Nationwide Fund Advisors boosted its position 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 boosted its position 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. Renaissance Group LLC boosted its position 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. Finally, Parametric Portfolio Associates LLC boosted its position 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. Institutional investors and hedge funds own 79.00% of the company’s stock.
Several brokerages have commented on MERC. BidaskClub lowered shares of Mercer International from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Royal Bank of Canada upgraded shares of Mercer International from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $12.00 to $15.00 in a research report on Wednesday, October 18th. CSFB lowered shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research report on Friday, October 27th. Finally, Credit Suisse Group lowered shares of Mercer International from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $16.19.
TRADEMARK VIOLATION WARNING: “Mercer International Inc. (MERC) Insider Jimmy S. H. Lee Sells 25,000 Shares” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/18/mercer-international-inc-merc-insider-jimmy-s-h-lee-sells-25000-shares.html.
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.
Receive News & Ratings for Mercer International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International and related companies with MarketBeat.com's FREE daily email newsletter.