Jimmy S. H. Lee Sells 25,000 Shares of Mercer International Inc. (MERC) Stock

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) insider Jimmy S. H. Lee sold 25,000 shares of Mercer International stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $14.25, for a total transaction of $356,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mercer International Inc. (NASDAQ:MERC) opened at $14.00 on Wednesday. The stock has a market cap of $919.99, a P/E ratio of 16.08 and a beta of 1.52. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.44 and a current ratio of 3.58. Mercer International Inc. has a 1-year low of $8.55 and a 1-year high of $15.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 27th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.57%. This is a positive change from Mercer International’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, December 26th. Mercer International’s dividend payout ratio (DPR) is presently 63.89%.

COPYRIGHT VIOLATION NOTICE: “Jimmy S. H. Lee Sells 25,000 Shares of Mercer International Inc. (MERC) Stock” was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://transcriptdaily.com/2017/11/15/jimmy-s-h-lee-sells-25000-shares-of-mercer-international-inc-merc-stock.html.

Several analysts have recently weighed in on MERC shares. BidaskClub raised shares of Mercer International from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. TD Securities lifted their price target on shares of Mercer International from $13.00 to $15.75 and gave the company a “hold” rating in a research note on Monday, July 31st. CSFB downgraded shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a research note on Friday, October 27th. Credit Suisse Group downgraded shares of Mercer International from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 26th. Finally, Royal Bank Of Canada lifted their price target on shares of Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Mercer International presently has an average rating of “Hold” and a consensus target price of $16.19.

A number of hedge funds have recently modified their holdings of MERC. Parametric Portfolio Associates LLC increased its holdings in Mercer International by 17.8% during the first quarter. Parametric Portfolio Associates LLC now owns 17,824 shares of the basic materials company’s stock valued at $209,000 after buying an additional 2,689 shares during the period. Renaissance Group LLC increased its holdings in Mercer International by 9.7% during the second quarter. Renaissance Group LLC now owns 39,013 shares of the basic materials company’s stock valued at $449,000 after buying an additional 3,434 shares during the period. Nationwide Fund Advisors increased its holdings 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 buying an additional 30,661 shares during the period. Bank of New York Mellon Corp increased its holdings 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 buying an additional 23,872 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Mercer International by 3.0% during the first quarter. Geode Capital Management LLC now owns 283,990 shares of the basic materials company’s stock valued at $3,322,000 after buying an additional 8,231 shares during the period. 79.77% of the stock is currently owned by institutional investors.

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)

Receive News & Ratings for Mercer International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply