Aegis Financial Corp decreased its position in Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) by 12.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 331,864 shares of the basic materials company’s stock after selling 48,608 shares during the period. Mercer International comprises 4.6% of Aegis Financial Corp’s portfolio, making the stock its 8th largest holding. Aegis Financial Corp owned 0.51% of Mercer International worth $3,816,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Parametric Portfolio Associates LLC boosted its holdings in shares of Mercer International by 17.8% in the first quarter. Parametric Portfolio Associates LLC now owns 17,824 shares of the basic materials company’s stock valued at $209,000 after acquiring an additional 2,689 shares in the last quarter. Renaissance Group LLC boosted its holdings in shares of Mercer International by 9.7% in the second quarter. Renaissance Group LLC now owns 39,013 shares of the basic materials company’s stock valued at $449,000 after acquiring an additional 3,434 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Mercer International by 1.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 42,870 shares of the basic materials company’s stock valued at $502,000 after acquiring an additional 468 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Mercer International by 1,193.8% in the first quarter. Nationwide Fund Advisors now owns 186,300 shares of the basic materials company’s stock valued at $2,180,000 after acquiring an additional 171,900 shares in the last quarter. Finally, 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 acquiring an additional 23,872 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mercer International Inc. (NASDAQ MERC) traded up 0.47% during mid-day trading on Friday, hitting $10.60. 117,411 shares of the company traded hands. The firm has a 50-day moving average price of $10.97 and a 200 day moving average price of $11.43. Mercer International Inc. has a 52-week low of $7.60 and a 52-week high of $12.98. The firm has a market cap of $688.71 million, a price-to-earnings ratio of 18.06 and a beta of 1.54.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 27th will be given a dividend of $0.115 per share. The ex-dividend date is Tuesday, September 26th. This represents a $0.46 annualized dividend and a dividend yield of 4.34%. Mercer International’s dividend payout ratio is currently 79.31%.

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In other news, insider Jimmy S. H. Lee sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $10.88, for a total transaction of $272,000.00. Following the completion of the transaction, the insider now owns 2,156,548 shares in the company, valued at $23,463,242.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Peter R. Kellogg purchased 41,032 shares of the stock in a transaction dated Wednesday, July 5th. The shares were purchased at an average price of $11.72 per share, with a total value of $480,895.04. Following the transaction, the insider now directly owns 150,000 shares of the company’s stock, valued at approximately $1,758,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 192,209 shares of company stock valued at $2,209,760 and have sold 97,560 shares valued at $1,086,160. 4.90% of the stock is currently owned by corporate insiders.

MERC has been the topic of several analyst reports. BidaskClub raised shares of Mercer International from a “hold” rating to a “buy” rating in a report on Monday, July 24th. TD Securities lifted their target price on shares of Mercer International from $13.00 to $15.75 and gave the company a “hold” rating in a report on Monday, July 31st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.94.

Mercer International 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.

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Institutional Ownership by Quarter for Mercer International (NASDAQ:MERC)

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