Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) Director Eric Lauritzen sold 5,000 shares of Mercer International stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $10.96, for a total transaction of $54,800.00. Following the sale, the director now owns 64,085 shares of the company’s stock, valued at $702,371.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, July 20th, Eric Lauritzen sold 13,000 shares of Mercer International stock. The stock was sold at an average price of $12.22, for a total transaction of $158,860.00.
  • 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 transaction of $70,320.00.

Mercer International Inc. (NASDAQ:MERC) traded down 0.45% during midday trading on Tuesday, reaching $10.95. 195,444 shares of the company were exchanged. The stock has a market capitalization of $711.45 million, a price-to-earnings ratio of 18.65 and a beta of 1.57. Mercer International Inc. has a 52-week low of $7.60 and a 52-week high of $12.98. The firm’s 50-day moving average price is $11.33 and its 200 day moving average price is $11.62.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 27th will be issued a $0.115 dividend. The ex-dividend date is Tuesday, September 26th. This represents a $0.46 dividend on an annualized basis and a yield of 4.20%. Mercer International’s dividend payout ratio is currently 79.31%.

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A number of institutional investors have recently added to or reduced their stakes in MERC. Nationwide Fund Advisors increased its position in 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 in the last quarter. Russell Investments Group Ltd. increased its position in 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 worth $3,013,000 after buying an additional 30,536 shares in the last quarter. Renaissance Group LLC increased its position in Mercer International by 2.4% in the first quarter. Renaissance Group LLC now owns 35,579 shares of the basic materials company’s stock worth $416,000 after buying an additional 847 shares in the last quarter. 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 worth $172,000 after buying an additional 14,137 shares in the last quarter. Finally, 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 worth $209,000 after buying an additional 2,689 shares in the last quarter. Hedge funds and other institutional investors own 81.41% of the company’s stock.

MERC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Mercer International from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a report on Wednesday, April 26th. TD Securities reiterated a “hold” rating and set a $18.00 price target on shares of Mercer International in a report on Monday, May 1st. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $18.00 price target on shares of Mercer International in a report on Friday, April 28th. BidaskClub downgraded shares of Mercer International from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $12.00 price target on shares of Mercer International in a report on Tuesday, May 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Mercer International currently has an average rating of “Hold” and an average price target of $14.94.

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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