Mercer International Inc. (NASDAQ:MERC) Insider Sells 25,000 Shares

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) insider Jimmy S. H. Lee sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $14.20, for a total value of $355,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Mercer International Inc. (NASDAQ:MERC) traded down $0.20 during trading on Friday, hitting $14.00. The company had a trading volume of 157,497 shares, compared to its average volume of 149,769. 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 company has a market cap of $955.75 and a P/E ratio of 19.34. Mercer International Inc. has a 1-year low of $10.45 and a 1-year high of $15.00.

Several analysts have recently weighed in on the company. BidaskClub lowered Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. CSFB lowered Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Friday, October 27th. Royal Bank of Canada raised Mercer International from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $12.00 to $15.00 in a report on Wednesday, October 18th. ValuEngine raised Mercer International from a “hold” rating to a “buy” rating in a report on Friday. Finally, Credit Suisse Group lowered Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.19.

Several institutional investors have recently bought and sold shares of MERC. Bank of New York Mellon Corp lifted its position in shares of Mercer International by 11.0% during 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. Kennedy Capital Management Inc. raised its position in 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 valued at $4,443,000 after purchasing an additional 47,623 shares during the last quarter. Nationwide Fund Advisors raised its position 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 valued at $2,495,000 after purchasing an additional 30,661 shares during the last quarter. Parametric Portfolio Associates LLC increased 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 buying an additional 1,654 shares during the period. Finally, Walthausen & Co. LLC increased its stake 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 valued at $12,094,000 after buying an additional 79,242 shares during the period. Institutional investors and hedge funds own 79.39% 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.

Insider Buying and Selling by Quarter for Mercer International (NASDAQ:MERC)

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