Emerald Advisers Inc. PA Has $823,000 Stake in Mercer International Inc. (MERC)
Emerald Advisers Inc. PA raised its position in shares of Mercer International Inc. (NASDAQ:MERC) by 28.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,078 shares of the company’s stock after buying an additional 22,645 shares during the period. Emerald Advisers Inc. PA’s holdings in Mercer International were worth $823,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC acquired a new position in shares of Mercer International during the first quarter worth approximately $111,000. Emerald Mutual Fund Advisers Trust raised its stake in Mercer International by 36.2% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 49,201 shares of the company’s stock worth $393,000 after buying an additional 13,073 shares during the period. Finally, Bogle Investment Management L P DE raised its stake in Mercer International by 153.6% in the first quarter. Bogle Investment Management L P DE now owns 149,776 shares of the company’s stock worth $1,415,000 after buying an additional 90,711 shares during the period. 57.79% of the stock is owned by hedge funds and other institutional investors.
Shares of Mercer International Inc. (NASDAQ:MERC) traded down 1.69% during trading on Wednesday, hitting $8.15. 160,579 shares of the stock were exchanged. Mercer International Inc. has a one year low of $5.95 and a one year high of $11.68. The company has a market cap of $526.94 million, a price-to-earnings ratio of 10.52 and a beta of 1.29. The stock’s 50 day moving average price is $8.43 and its 200-day moving average price is $8.58.
Mercer International (NASDAQ:MERC) last released its earnings results on Thursday, July 28th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.12. Mercer International had a return on equity of 12.44% and a net margin of 5.10%. On average, analysts predict that Mercer International Inc. will post $0.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Monday, September 26th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, September 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 5.55%. Mercer International’s payout ratio is presently 59.74%.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Mercer International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 28th. TheStreet lowered shares of Mercer International from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $12.13.
Mercer International Company Profile
Mercer International Inc is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source.
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