Systematic Financial Management LP increased its position in Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) by 9.5% during the first quarter, HoldingsChannel reports. The firm owned 313,700 shares of the basic materials company’s stock after buying an additional 27,288 shares during the quarter. Systematic Financial Management LP’s holdings in Mercer International were worth $4,238,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Group LLC lifted its stake in Mercer International by 2.7% during the 1st quarter. Renaissance Group LLC now owns 46,044 shares of the basic materials company’s stock valued at $622,000 after acquiring an additional 1,219 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Mercer International in the 4th quarter worth about $28,000. Opus Capital Group LLC increased its holdings in Mercer International by 2.4% in the 4th quarter. Opus Capital Group LLC now owns 166,411 shares of the basic materials company’s stock worth $1,738,000 after acquiring an additional 3,905 shares during the last quarter. United Services Automobile Association increased its holdings in Mercer International by 24.4% in the 4th quarter. United Services Automobile Association now owns 20,962 shares of the basic materials company’s stock worth $219,000 after acquiring an additional 4,107 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Mercer International in the 4th quarter worth about $44,000. Institutional investors own 75.94% of the company’s stock.
MERC stock opened at $16.58 on Wednesday. The company has a quick ratio of 2.65, a current ratio of 3.98 and a debt-to-equity ratio of 1.68. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 8.46 and a beta of 1.84. Mercer International Inc. has a twelve month low of $9.36 and a twelve month high of $19.14.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. The business had revenue of $484.00 million during the quarter, compared to analyst estimates of $476.87 million. Mercer International had a return on equity of 26.76% and a net margin of 9.82%. The company’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. Sell-side analysts expect that Mercer International Inc. will post 2.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, June 24th will be issued a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Friday, June 21st. This is a positive change from Mercer International’s previous quarterly dividend of $0.13. Mercer International’s payout ratio is presently 25.51%.
Several equities research analysts recently weighed in on the company. BidaskClub raised Mercer International from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Royal Bank of Canada lifted their price objective on Mercer International from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. TD Securities lifted their price objective on Mercer International from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $23.00 target price on shares of Mercer International in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Mercer International currently has a consensus rating of “Buy” and a consensus price target of $22.00.
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Mercer International 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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