Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) Director Eric Lauritzen sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $12.22, for a total value of $158,860.00. Following the completion of the sale, the director now directly owns 69,085 shares in the company, valued at $844,218.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Eric Lauritzen also recently made the following trade(s):

  • On Tuesday, June 20th, Eric Lauritzen sold 6,000 shares of Mercer International stock. The stock was sold at an average price of $11.72, for a total value of $70,320.00.
  • On Monday, May 22nd, Eric Lauritzen sold 6,000 shares of Mercer International stock. The stock was sold at an average price of $11.15, for a total value of $66,900.00.
  • On Monday, April 24th, Eric Lauritzen sold 500 shares of Mercer International stock. The stock was sold at an average price of $12.00, for a total value of $6,000.00.

Shares of Mercer International Inc. (MERC) traded down 1.63% during trading on Friday, reaching $12.05. 255,174 shares of the company were exchanged. The company’s 50-day moving average is $11.61 and its 200 day moving average is $11.66. Mercer International Inc. has a 1-year low of $7.03 and a 1-year high of $12.98. The firm has a market capitalization of $782.47 million, a PE ratio of 21.91 and a beta of 1.58.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its earnings results on Thursday, April 27th. The basic materials company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The firm had revenue of $242.78 million during the quarter. Mercer International had a net margin of 3.90% and a return on equity of 11.69%. Equities research analysts expect that Mercer International Inc. will post $1.05 EPS for the current fiscal year.

The company 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 (DPR) is 85.19%.

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A number of brokerages have recently commented on MERC. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $18.00 price target on shares of Mercer International in a research report on Friday, April 28th. 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 research report on Wednesday, April 26th. TD Securities reissued a “hold” rating and issued a $18.00 price target on shares of Mercer International in a research report on Monday, May 1st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $12.00 price target on shares of Mercer International in a research report on Tuesday, May 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.50.

A number of large investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased its stake in shares of 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 period. 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 valued at $3,963,000 after buying an additional 248,130 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Mercer International by 13.4% in the first quarter. Russell Investments Group Ltd. now owns 257,591 shares of the basic materials company’s stock valued at $3,013,000 after buying an additional 30,536 shares during the period. Nationwide Fund Advisors increased its stake 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 valued at $2,180,000 after buying an additional 171,900 shares during the period. Finally, Acrospire Investment Management LLC increased its stake 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 valued at $172,000 after buying an additional 14,137 shares during the period. Institutional investors 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)

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