Insider Buying: Mercer International Inc. (MERC) Major Shareholder Buys 10,000 Shares of Stock

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) major shareholder Peter R. Kellogg acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were purchased at an average price of $14.25 per share, with a total value of $142,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Mercer International Inc. (NASDAQ:MERC) opened at $14.10 on Thursday. The firm has a market cap of $916.74, a P/E ratio of 19.58 and a beta of 1.48. Mercer International Inc. has a 1-year low of $10.45 and a 1-year high of $15.00. The company has a quick ratio of 2.44, a current ratio of 3.58 and a debt-to-equity ratio of 1.40.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Tuesday, December 26th. This is a boost from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s dividend payout ratio is 69.44%.

A number of research analysts recently issued reports on the stock. BidaskClub cut shares of Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday. CSFB cut shares of 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 cut shares of Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. Finally, Royal Bank of Canada boosted their price objective on shares of Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $16.19.

Several institutional investors have recently added to or reduced their stakes in MERC. Parametric Portfolio Associates LLC boosted its holdings in shares of Mercer International by 9.3% in the second quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock valued at $224,000 after buying an additional 1,654 shares during the period. Renaissance Group LLC boosted its holdings in shares of Mercer International by 10.5% in the third quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock valued at $511,000 after buying an additional 4,087 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of Mercer International by 16.5% in 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 boosted its holdings in shares of Mercer International by 11.0% in 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, Kennedy Capital Management Inc. boosted its holdings in shares of Mercer International by 14.1% in the second quarter. Kennedy Capital Management Inc. now owns 386,307 shares of the basic materials company’s stock valued at $4,443,000 after buying an additional 47,623 shares during the period. 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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