Keeley Teton Advisors LLC trimmed its holdings in shares of Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,880 shares of the basic materials company’s stock after selling 14,700 shares during the quarter. Keeley Teton Advisors LLC owned 0.26% of Mercer International worth $2,415,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial For Lutherans acquired a new position in Mercer International during the fourth quarter worth $963,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Mercer International in the fourth quarter valued at about $4,736,000. Bogle Investment Management L P DE purchased a new stake in shares of Mercer International in the fourth quarter valued at about $1,242,000. Geode Capital Management LLC raised its holdings in shares of Mercer International by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 368,777 shares of the basic materials company’s stock valued at $5,272,000 after purchasing an additional 6,282 shares during the last quarter. Finally, James Investment Research Inc. purchased a new stake in shares of Mercer International in the fourth quarter valued at about $1,991,000. 76.67% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on MERC shares. ValuEngine upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub upgraded shares of Mercer International from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.19.
Mercer International Inc. (NASDAQ:MERC) traded up $0.65 during mid-day trading on Friday, hitting $13.20. 439,934 shares of the company’s stock traded hands, compared to its average volume of 167,436. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.98 and a quick ratio of 1.57. Mercer International Inc. has a 52-week low of $10.45 and a 52-week high of $15.00. The stock has a market capitalization of $815.96, a P/E ratio of 12.22 and a beta of 1.56.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.24. Mercer International had a net margin of 6.03% and a return on equity of 17.19%. The business had revenue of $337.70 million for the quarter, compared to analysts’ expectations of $318.15 million. The company’s revenue for the quarter was up 52.3% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 28th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Tuesday, March 27th. Mercer International’s dividend payout ratio is presently 46.30%.
In other Mercer International news, CEO David M. Gandossi sold 12,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $12.79, for a total value of $153,480.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Lauritzen sold 2,100 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $14.68, for a total transaction of $30,828.00. The disclosure for this sale can be found here. In the last ninety days, insiders bought 120,514 shares of company stock valued at $1,702,023 and sold 236,500 shares valued at $3,337,030. 4.90% of the stock is owned by insiders.
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Mercer International 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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