Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) major shareholder Peter R. Kellogg acquired 15,757 shares of the stock in a transaction dated Tuesday, July 18th. The stock was acquired at an average price of $11.70 per share, for a total transaction of $184,356.90. Following the completion of the acquisition, the insider now directly owns 150,000 shares of the company’s stock, valued at $1,755,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Mercer International Inc. (NASDAQ:MERC) traded up 0.84% during trading on Wednesday, hitting $12.05. 126,885 shares of the company traded hands. The firm has a market capitalization of $782.47 million, a P/E ratio of 21.91 and a beta of 1.58. The stock has a 50-day moving average price of $11.58 and a 200-day moving average price of $11.66. Mercer International Inc. has a 12-month low of $7.03 and a 12-month high of $12.98.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.03. The firm had revenue of $242.78 million for the quarter. Mercer International had a return on equity of 11.69% and a net margin of 3.90%. Equities analysts expect that Mercer International Inc. 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 paid a $0.115 dividend. The ex-dividend date was Friday, June 23rd. This represents a $0.46 annualized dividend and a yield of 3.82%. Mercer International’s dividend payout ratio is currently 85.19%.

WARNING: “Mercer International Inc. (MERC) Major Shareholder Peter R. Kellogg Buys 15,757 Shares” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/19/mercer-international-inc-merc-major-shareholder-peter-r-kellogg-buys-15757-shares.html.

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price objective on shares of Mercer International in a report on Tuesday, May 23rd. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $18.00 target price on shares of Mercer International in a research note on Friday, April 28th. TD Securities reissued a “hold” rating and issued a $18.00 target price on shares of Mercer International in a research note on Monday, May 1st. Finally, Zacks Investment Research cut shares of Mercer International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kennedy Capital Management Inc. increased its stake in shares of 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 during the period. Russell Investments Group Ltd. bought a new position in shares of Mercer International during the fourth quarter worth approximately $2,384,000. Nationwide Fund Advisors boosted its position 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 worth $2,180,000 after buying an additional 171,900 shares during the period. Acrospire Investment Management LLC boosted its position in shares of 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 worth $172,000 after buying an additional 14,137 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of 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 worth $3,322,000 after buying an additional 8,231 shares during the period. Institutional investors and hedge funds own 81.21% of the company’s stock.

About Mercer International

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)

Receive News & Ratings for Mercer International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.