Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) major shareholder Peter R. Kellogg acquired 15,000 shares of the firm’s stock in a transaction on Thursday, April 13th. The shares were bought at an average cost of $11.50 per share, for a total transaction of $172,500.00. Following the acquisition, the insider now owns 2,788,916 shares in the company, valued at $32,072,534. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Mercer International Inc. (NASDAQ:MERC) traded up 1.74% on Tuesday, hitting $11.70. 106,106 shares of the stock traded hands. The stock has a 50 day moving average of $11.63 and a 200-day moving average of $10.48. The stock has a market cap of $756.46 million, a PE ratio of 21.67 and a beta of 1.43. Mercer International Inc. has a 1-year low of $7.03 and a 1-year high of $12.98.

Mercer International (NASDAQ:MERC) last posted its quarterly earnings results on Thursday, February 9th. The basic materials company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.05. The business earned $221.69 million during the quarter. Mercer International had a return on equity of 8.34% and a net margin of 3.75%. On average, equities research analysts expect that Mercer International Inc. will post $0.97 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 4th. Investors of record on Tuesday, March 28th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Friday, March 24th. Mercer International’s dividend payout ratio (DPR) is presently 86.79%.

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A number of equities research analysts have commented on the stock. Standpoint Research lowered shares of Mercer International from a “buy” rating to a “hold” rating in a report on Monday, January 23rd. Royal Bank of Canada reissued a “hold” rating and set a $12.00 price objective on shares of Mercer International in a report on Tuesday, March 14th. Finally, Zacks Investment Research raised shares of Mercer International from a “sell” rating to a “hold” rating in a report on Thursday, December 29th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.25.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Credit Agricole S A bought a new position in Mercer International during the fourth quarter worth approximately $1,407,000. O Shaughnessy Asset Management LLC increased its position in Mercer International by 45.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 42,402 shares of the basic materials company’s stock worth $452,000 after buying an additional 13,307 shares during the period. Renaissance Group LLC increased its position in Mercer International by 10.1% in the fourth quarter. Renaissance Group LLC now owns 34,732 shares of the basic materials company’s stock worth $370,000 after buying an additional 3,178 shares during the period. Russell Investments Group Ltd. bought a new position in Mercer International during the fourth quarter worth approximately $2,384,000. Finally, Acrospire Investment Management LLC increased its position in Mercer International by 0.8% in the third quarter. Acrospire Investment Management LLC now owns 12,998 shares of the basic materials company’s stock worth $110,000 after buying an additional 98 shares during the period. 81.58% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:MERC

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