Insider Selling: Mercer International Inc. (MERC) Insider Sells 25,000 Shares of 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 dated Thursday, January 4th. The stock was sold at an average price of $14.26, for a total value of $356,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mercer International Inc. (NASDAQ:MERC) traded down $0.25 during mid-day trading on Thursday, hitting $14.10. The stock had a trading volume of 149,702 shares, compared to its average volume of 268,967. Mercer International Inc. has a 1 year low of $10.35 and a 1 year high of $15.00. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.44 and a current ratio of 3.58. The company has a market cap of $926.50, a price-to-earnings ratio of 19.58 and a beta of 1.48.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th will be given a $0.125 dividend. The ex-dividend date is Tuesday, December 26th. This is a positive change from Mercer International’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a dividend yield of 3.55%. Mercer International’s dividend payout ratio (DPR) is 69.44%.

Several hedge funds have recently bought and sold shares of MERC. Parametric Portfolio Associates LLC raised its position in shares of Mercer International by 9.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock worth $224,000 after acquiring an additional 1,654 shares in the last quarter. Renaissance Group LLC raised its position in shares of Mercer International by 10.5% in the 3rd quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock worth $511,000 after acquiring an additional 4,087 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Mercer International by 16.5% in the 2nd quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock worth $2,495,000 after acquiring an additional 30,661 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Mercer International by 11.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 240,556 shares of the basic materials company’s stock worth $2,767,000 after acquiring an additional 23,872 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its position in shares of Mercer International by 14.1% in the 2nd quarter. Kennedy Capital Management Inc. now owns 386,307 shares of the basic materials company’s stock worth $4,443,000 after acquiring an additional 47,623 shares in the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on MERC shares. Credit Suisse Group downgraded Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. BidaskClub downgraded Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Royal Bank of Canada lifted their target price on Mercer International from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. Finally, CSFB downgraded Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Mercer International presently has an average rating of “Hold” and an average price target of $16.19.

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About Mercer International

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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