Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) insider Jimmy S. H. Lee sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $14.29, for a total transaction of $357,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Mercer International Inc. (NASDAQ MERC) opened at 13.95 on Friday. The firm has a 50-day moving average of $12.07 and a 200 day moving average of $11.60. The stock has a market capitalization of $906.37 million, a PE ratio of 23.76 and a beta of 1.49. Mercer International Inc. has a 1-year low of $7.70 and a 1-year high of $14.60.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 27th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.58%. This is a positive change from Mercer International’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, December 26th. Mercer International’s payout ratio is 79.31%.

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MERC has been the topic of a number of recent research reports. Royal Bank Of Canada upgraded shares of Mercer International from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $12.00 to $15.00 in a research note on Wednesday, October 18th. TD Securities upped their price target on shares of Mercer International from $13.00 to $15.75 and gave the company a “hold” rating in a research note on Monday, July 31st. BidaskClub upgraded shares of Mercer International from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Credit Suisse Group cut shares of Mercer International from an “outperform” rating to a “neutral” rating in a research note on Thursday. Finally, CSFB cut shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Friday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.94.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Walthausen & Co. LLC grew its position in Mercer International by 8.1% during the second quarter. Walthausen & Co. LLC now owns 1,051,619 shares of the basic materials company’s stock valued at $12,094,000 after buying an additional 79,242 shares during the period. Renaissance Group LLC grew its position in Mercer International by 9.7% during the second quarter. Renaissance Group LLC now owns 39,013 shares of the basic materials company’s stock valued at $449,000 after buying an additional 3,434 shares during the period. Russell Investments Group Ltd. grew its position in Mercer International by 22.2% during the second quarter. Russell Investments Group Ltd. now owns 314,654 shares of the basic materials company’s stock valued at $3,618,000 after buying an additional 57,063 shares during the period. Geode Capital Management LLC grew its position in Mercer International by 3.0% during the first quarter. Geode Capital Management LLC now owns 283,990 shares of the basic materials company’s stock valued at $3,322,000 after buying an additional 8,231 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Mercer International by 17.8% during the first quarter. Parametric Portfolio Associates LLC now owns 17,824 shares of the basic materials company’s stock valued at $209,000 after buying an additional 2,689 shares during the period. Institutional investors own 79.88% 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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