Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) insider Jimmy S. H. Lee sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $13.49, for a total value of $337,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Mercer International Inc. (NASDAQ:MERC) traded down $0.15 during midday trading on Wednesday, reaching $13.40. The company’s stock had a trading volume of 194,700 shares, compared to its average volume of 202,689. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.58 and a quick ratio of 2.44. The company has a market cap of $880.98, a PE ratio of 15.40 and a beta of 1.48. Mercer International Inc. has a 1-year low of $9.80 and a 1-year high of $15.00.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Tuesday, December 26th. This is a boost from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s dividend payout ratio (DPR) is 63.89%.

MERC has been the topic of several research analyst reports. BidaskClub raised Mercer International from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. CSFB cut Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Friday, October 27th. Credit Suisse Group cut Mercer International from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 26th. Finally, Royal Bank Of Canada raised Mercer International from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $12.00 to $15.00 in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.19.

A number of hedge funds and other institutional investors have recently made changes to their positions in MERC. Walthausen & Co. LLC boosted its position in Mercer International by 8.1% during the 2nd quarter. Walthausen & Co. LLC now owns 1,051,619 shares of the basic materials company’s stock valued at $12,094,000 after acquiring an additional 79,242 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Mercer International by 22.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 314,654 shares of the basic materials company’s stock valued at $3,618,000 after acquiring an additional 57,063 shares in the last quarter. Kennedy Capital Management Inc. boosted its position in Mercer International by 14.1% during the 2nd quarter. Kennedy Capital Management Inc. now owns 386,307 shares of the basic materials company’s stock valued at $4,443,000 after acquiring an additional 47,623 shares in the last quarter. Nationwide Fund Advisors boosted its position in Mercer International by 16.5% during the 2nd quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock valued at $2,495,000 after acquiring an additional 30,661 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Mercer International by 11.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,556 shares of the basic materials company’s stock valued at $2,767,000 after acquiring an additional 23,872 shares in the last quarter. 79.00% of the stock is currently owned by institutional investors and hedge funds.

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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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