David M. Gandossi Sells 12,000 Shares of Mercer International Inc. (MERC) Stock

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 10th. The stock was sold at an average price of $14.19, for a total transaction of $170,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Mercer International Inc. (NASDAQ MERC) traded down $0.20 during trading hours on Friday, reaching $14.00. 157,497 shares of the company’s stock traded hands, compared to its average volume of 149,769. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.44 and a current ratio of 3.58. Mercer International Inc. has a 1 year low of $10.45 and a 1 year high of $15.00. The company has a market cap of $955.75 and a P/E ratio of 19.34.

A number of large investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its holdings in shares of Mercer International by 9.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock worth $224,000 after acquiring an additional 1,654 shares during the last quarter. Renaissance Group LLC lifted its holdings in shares of Mercer International by 10.5% during the 3rd quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock worth $511,000 after acquiring an additional 4,087 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings 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 acquiring an additional 23,872 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Mercer International by 16.5% during the 2nd quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock worth $2,495,000 after acquiring an additional 30,661 shares during the last quarter. Finally, Kennedy Capital Management Inc. lifted its holdings in shares of Mercer International by 14.1% during the 2nd quarter. Kennedy Capital Management Inc. now owns 386,307 shares of the basic materials company’s stock worth $4,443,000 after acquiring an additional 47,623 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

MERC has been the subject of several analyst reports. BidaskClub raised shares of Mercer International from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Credit Suisse Group downgraded shares of Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. Royal Bank of Canada raised their price target on shares of Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, October 30th. CSFB downgraded shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Friday, October 27th. Finally, ValuEngine raised shares of Mercer International from a “hold” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Mercer International has a consensus rating of “Hold” and an average price target of $16.19.

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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.

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

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