Mercer International Inc. (MERC) Director Sells $120,785.00 in Stock
Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) Director Eric Lauritzen sold 8,500 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $14.21, for a total transaction of $120,785.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Eric Lauritzen also recently made the following trade(s):
- On Monday, August 21st, Eric Lauritzen sold 5,000 shares of Mercer International stock. The shares were sold at an average price of $10.96, for a total transaction of $54,800.00.
Mercer International Inc. (NASDAQ:MERC) traded up 0.70% during midday trading on Friday, hitting $14.30. 392,658 shares of the stock were exchanged. The firm’s 50-day moving average is $11.73 and its 200 day moving average is $11.53. The stock has a market cap of $929.11 million, a price-to-earnings ratio of 24.36 and a beta of 1.49. Mercer International Inc. has a 52 week low of $7.60 and a 52 week high of $14.40.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 27th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, September 26th. Mercer International’s dividend payout ratio is currently 79.31%.
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A number of equities research analysts recently commented on MERC shares. BidaskClub upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. TD Securities raised their price objective on shares of Mercer International from $13.00 to $15.75 and gave the company a “hold” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada upgraded shares of Mercer International from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $12.00 to $15.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $16.25.
Large investors have recently modified their holdings of the company. Walthausen & Co. LLC lifted its stake in shares of 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 acquiring an additional 79,242 shares during the period. Renaissance Group LLC lifted its stake in shares of Mercer International by 9.7% in the 2nd quarter. Renaissance Group LLC now owns 39,013 shares of the basic materials company’s stock worth $449,000 after acquiring an additional 3,434 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of 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 acquiring an additional 57,063 shares during the period. Geode Capital Management LLC lifted its stake in shares of 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 acquiring an additional 8,231 shares during the period. Finally, Kennedy Capital Management Inc. lifted its stake in shares of Mercer International by 274.0% in the 1st quarter. Kennedy Capital Management Inc. now owns 338,684 shares of the basic materials company’s stock worth $3,963,000 after acquiring an additional 248,130 shares during the period. 80.15% of the stock is owned by institutional investors.
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.
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