Mercer International Inc. (MERC) CEO Sells $172,320.00 in Stock

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of Mercer International stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $14.36, for a total value of $172,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Mercer International Inc. (MERC) opened at $14.55 on Thursday. The company has a quick ratio of 2.44, a current ratio of 3.58 and a debt-to-equity ratio of 1.40. Mercer International Inc. has a fifty-two week low of $10.45 and a fifty-two week high of $15.00. The company has a market capitalization of $946.00, a price-to-earnings ratio of 20.21 and a beta of 1.48.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.32 EPS for the quarter. Mercer International had a return on equity of 13.50% and a net margin of 4.49%.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Wednesday, December 27th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, December 26th. This is an increase from Mercer International’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a yield of 3.44%. Mercer International’s payout ratio is 69.44%.

Several analysts recently commented on the company. BidaskClub lowered Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. CSFB lowered Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Friday, October 27th. Credit Suisse Group lowered Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. Finally, Royal Bank of Canada lifted their price objective on Mercer International from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $16.19.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MERC. Walthausen & Co. LLC lifted its position in Mercer International by 8.1% during the second quarter. Walthausen & Co. LLC now owns 1,051,619 shares of the basic materials company’s stock valued at $12,094,000 after purchasing an additional 79,242 shares in the last quarter. Nationwide Fund Advisors lifted its position in Mercer International by 16.5% during the second quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock valued at $2,495,000 after purchasing an additional 30,661 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Mercer International by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 240,556 shares of the basic materials company’s stock valued at $2,767,000 after purchasing an additional 23,872 shares in the last quarter. Renaissance Group LLC lifted its position in Mercer International by 10.5% during the third quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock valued at $511,000 after purchasing an additional 4,087 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in Mercer International by 9.3% during the second quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock valued at $224,000 after purchasing an additional 1,654 shares in the last quarter. Institutional investors own 79.00% of the company’s stock.

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Mercer International Company 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.

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

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