Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) Director Eric Lauritzen sold 11,200 shares of the stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $15.93, for a total value of $178,416.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Eric Lauritzen also recently made the following trade(s):
- On Friday, April 20th, Eric Lauritzen sold 1,400 shares of Mercer International stock. The shares were sold at an average price of $13.70, for a total value of $19,180.00.
- On Tuesday, March 20th, Eric Lauritzen sold 1,400 shares of Mercer International stock. The shares were sold at an average price of $13.04, for a total value of $18,256.00.
NASDAQ:MERC opened at $16.15 on Wednesday. Mercer International Inc. has a one year low of $10.45 and a one year high of $16.40. The company has a quick ratio of 2.92, a current ratio of 4.14 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $1.06 billion, a P/E ratio of 12.27 and a beta of 1.64.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings results on Thursday, May 3rd. The basic materials company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. Mercer International had a return on equity of 16.63% and a net margin of 6.68%. The firm had revenue of $367.90 million during the quarter, compared to analysts’ expectations of $358.50 million. The business’s quarterly revenue was up 51.5% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Wednesday, June 27th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, June 26th. This represents a $0.50 annualized dividend and a dividend yield of 3.10%.
Several equities analysts have recently weighed in on the company. BidaskClub upgraded Mercer International from a “hold” rating to a “buy” rating in a research report on Saturday. ValuEngine upgraded Mercer International from a “hold” rating to a “buy” rating in a research report on Tuesday. Credit Suisse Group upgraded Mercer International from a “neutral” rating to an “outperform” rating in a research report on Friday, May 11th. Finally, Royal Bank of Canada raised their target price on Mercer International to $17.00 and gave the company an “outperform” rating in a research report on Monday, May 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.92.
Large investors have recently bought and sold shares of the stock. Thrivent Financial For Lutherans acquired a new stake in shares of Mercer International in the fourth quarter valued at approximately $963,000. Bogle Investment Management L P DE acquired a new stake in Mercer International during the fourth quarter worth $1,242,000. Thrivent Financial for Lutherans increased its stake in Mercer International by 51.3% during the first quarter. Thrivent Financial for Lutherans now owns 101,837 shares of the basic materials company’s stock worth $1,268,000 after acquiring an additional 34,507 shares during the last quarter. James Investment Research Inc. acquired a new stake in Mercer International during the fourth quarter worth $1,991,000. Finally, Opus Capital Group LLC acquired a new stake in Mercer International during the first quarter worth $2,008,000. 76.53% of the stock is owned by hedge funds and other institutional investors.
Mercer International Company Profile
Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood Kraft (NBSK) pulp in the United States, Europe, Asia, and internationally. The company operates in two segments, Pulp and Wood Products. It produces NBSK pulp primarily from wood chips and pulp logs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source.
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