Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) insider Jimmy S. H. Lee sold 25,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $10.94, for a total transaction of $273,500.00. Following the completion of the sale, the insider now directly owns 2,211,345 shares in the company, valued at approximately $24,192,114.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Mercer International Inc. (NASDAQ:MERC) opened at 11.10 on Friday. The company has a market cap of $721.20 million, a PE ratio of 18.91 and a beta of 1.54. The company has a 50 day moving average of $11.14 and a 200 day moving average of $11.50. Mercer International Inc. has a 52 week low of $7.60 and a 52 week high of $12.98.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 27th will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Tuesday, September 26th. Mercer International’s payout ratio is presently 79.31%.

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MERC has been the topic of several analyst reports. Zacks Investment Research cut shares of Mercer International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. TD Securities boosted their price objective on shares of Mercer International from $13.00 to $15.75 and gave the stock a “hold” rating in a research note on Monday, July 31st. BidaskClub raised shares of Mercer International from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $12.00 price objective on shares of Mercer International in a research note on Tuesday, May 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Mercer International currently has a consensus rating of “Hold” and a consensus target price of $14.94.

A number of large investors have recently modified their holdings of the stock. Walthausen & Co. LLC raised its position in Mercer International by 8.1% in the 2nd quarter. Walthausen & Co. LLC now owns 1,051,619 shares of the basic materials company’s stock worth $12,094,000 after purchasing an additional 79,242 shares during the period. Kennedy Capital Management Inc. raised its position in 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 purchasing an additional 47,623 shares during the period. Russell Investments Group Ltd. raised its position in Mercer International by 22.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 314,654 shares of the basic materials company’s stock worth $3,618,000 after purchasing an additional 57,063 shares during the period. Geode Capital Management LLC raised its position in Mercer International by 3.0% in the 1st quarter. Geode Capital Management LLC now owns 283,990 shares of the basic materials company’s stock worth $3,322,000 after purchasing an additional 8,231 shares during the period. Finally, Bank of New York Mellon Corp raised its position in 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 purchasing an additional 23,872 shares during the period. Institutional investors own 80.17% of the company’s stock.

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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