Shares of Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $16.00.

Several brokerages have recently issued reports on MERC. Zacks Investment Research cut Mercer International from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Raymond James Financial, Inc. reissued an “outperform” rating and set a $18.00 price objective on shares of Mercer International in a research note on Friday, April 28th. Royal Bank Of Canada reissued a “hold” rating and set a $12.00 price objective on shares of Mercer International in a research note on Tuesday, May 23rd. Finally, TD Securities reissued a “hold” rating and set a $18.00 price objective on shares of Mercer International in a research note on Monday, May 1st.

In related news, major shareholder Peter R. Kellogg bought 15,000 shares of the stock in a transaction on Thursday, April 13th. The stock was bought at an average price of $11.50 per share, for a total transaction of $172,500.00. Following the completion of the acquisition, the insider now directly owns 2,788,916 shares in the company, valued at $32,072,534. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Peter R. Kellogg bought 41,032 shares of the stock in a transaction on Wednesday, July 5th. The shares were bought at an average price of $11.72 per share, with a total value of $480,895.04. Following the acquisition, the insider now owns 150,000 shares of the company’s stock, valued at $1,758,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 247,821 shares of company stock valued at $2,829,285 and have sold 18,500 shares valued at $213,480. 4.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of MERC. Kennedy Capital Management Inc. raised its stake in Mercer International by 274.0% in the first quarter. Kennedy Capital Management Inc. now owns 338,684 shares of the basic materials company’s stock worth $3,963,000 after buying an additional 248,130 shares in the last quarter. Geode Capital Management LLC increased its position in Mercer International by 3.0% in 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 last quarter. O Shaughnessy Asset Management LLC increased its position in 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 buying an additional 468 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in 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 buying an additional 2,689 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its position in Mercer International by 2,667.4% in the first quarter. Acrospire Investment Management LLC now owns 14,667 shares of the basic materials company’s stock valued at $172,000 after buying an additional 14,137 shares during the last quarter. Institutional investors own 81.21% of the company’s stock.

Mercer International (MERC) remained flat at $11.25 during mid-day trading on Tuesday. 105,107 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $11.52 and its 200 day moving average price is $11.55. The stock has a market cap of $730.52 million, a P/E ratio of 20.45 and a beta of 1.58. Mercer International has a 1-year low of $7.03 and a 1-year high of $12.98.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its quarterly earnings data on Thursday, April 27th. The basic materials company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Mercer International had a net margin of 3.90% and a return on equity of 11.69%. The business had revenue of $242.78 million during the quarter. On average, equities research analysts predict that Mercer International will post $0.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Tuesday, June 27th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, June 23rd. This represents a $0.46 dividend on an annualized basis and a yield of 4.09%. Mercer International’s dividend payout ratio is currently 85.19%.

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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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