Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) Director Eric Lauritzen sold 1,400 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $13.18, for a total transaction of $18,452.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Eric Lauritzen also recently made the following trade(s):
- On Monday, January 22nd, Eric Lauritzen sold 2,100 shares of Mercer International stock. The shares were sold at an average price of $14.68, for a total transaction of $30,828.00.
Mercer International Inc. (NASDAQ MERC) traded up $0.15 on Thursday, reaching $13.70. 210,364 shares of the company traded hands, compared to its average volume of 170,772. Mercer International Inc. has a 1-year low of $10.45 and a 1-year 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 company has a market capitalization of $890.73, a PE ratio of 8.84 and a beta of 1.52.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.24. Mercer International had a net margin of 6.03% and a return on equity of 18.20%. The business had revenue of $337.70 million during the quarter, compared to analysts’ expectations of $318.15 million. The company’s quarterly revenue was up 52.3% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 28th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, March 27th. This represents a $0.50 annualized dividend and a yield of 3.65%. Mercer International’s dividend payout ratio is 32.26%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Mercer International by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 368,777 shares of the basic materials company’s stock worth $5,272,000 after purchasing an additional 6,282 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in Mercer International during the fourth quarter worth about $4,736,000. James Investment Research Inc. bought a new stake in Mercer International during the fourth quarter worth about $1,991,000. Bogle Investment Management L P DE bought a new stake in Mercer International during the fourth quarter worth about $1,242,000. Finally, Thrivent Financial For Lutherans bought a new stake in Mercer International during the fourth quarter worth about $963,000. 80.73% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Mercer International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub cut shares of Mercer International from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Royal Bank of Canada boosted their target price on shares of Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, October 30th. CSFB cut shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Friday, October 27th. Finally, Credit Suisse Group cut shares of Mercer International from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company 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.
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