Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) major shareholder Peter R. Kellogg purchased 41,974 shares of the stock in a transaction dated Monday, July 10th. The shares were purchased at an average cost of $11.15 per share, for a total transaction of $468,010.10. Following the completion of the acquisition, the insider now directly owns 150,000 shares in the company, valued at $1,672,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Mercer International Inc. (NASDAQ MERC) remained flat at $11.25 during trading on Tuesday. 105,107 shares of the company’s stock traded hands. Mercer International Inc. has a 52-week low of $7.03 and a 52-week high of $12.98. The company has a market capitalization of $730.52 million, a PE ratio of 20.45 and a beta of 1.58. The stock’s 50 day moving average price is $11.52 and its 200 day moving average price is $11.55.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its quarterly earnings data on Thursday, April 27th. The basic materials company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $242.78 million for the quarter. Mercer International had a net margin of 3.90% and a return on equity of 11.69%. Analysts anticipate that Mercer International Inc. will post $0.99 EPS for the current year.

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

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Several large investors have recently made changes to their positions in 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 valued at $3,963,000 after buying an additional 248,130 shares during the last quarter. Geode Capital Management LLC raised its stake 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 raised its stake 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 raised its stake 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 raised its stake 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. 81.21% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on MERC shares. Raymond James Financial, Inc. reissued an “outperform” rating and set a $18.00 price target on shares of Mercer International in a report on Friday, April 28th. Royal Bank Of Canada reissued a “hold” rating and set a $12.00 price target on shares of Mercer International in a report on Tuesday, March 14th. Zacks Investment Research raised Mercer International from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a report on Wednesday, April 26th. Finally, TD Securities reissued a “hold” rating and set a $18.00 price target on shares of Mercer International in a report on Monday, May 1st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.50.

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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