Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) major shareholder Peter R. Kellogg purchased 17,243 shares of the stock in a transaction on Friday, December 8th. The stock was acquired at an average cost of $13.46 per share, for a total transaction of $232,090.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Mercer International Inc. (MERC) traded down $0.13 on Monday, hitting $13.35. 94,500 shares of the stock traded hands, compared to its average volume of 201,538. The company has a current ratio of 3.58, a quick ratio of 2.44 and a debt-to-equity ratio of 1.40. Mercer International Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $15.00. The company has a market cap of $867.98, a price-to-earnings ratio of 15.17 and a beta of 1.48.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th will be issued a $0.125 dividend. This is a positive change from Mercer International’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.50 annualized dividend and a dividend yield of 3.75%. Mercer International’s dividend payout ratio is presently 63.89%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC grew its holdings in shares of Mercer International by 9.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock worth $224,000 after purchasing an additional 1,654 shares during the last quarter. Renaissance Group LLC grew its holdings in shares of Mercer International by 9.7% in the 2nd quarter. Renaissance Group LLC now owns 39,013 shares of the basic materials company’s stock worth $449,000 after purchasing an additional 3,434 shares during the last quarter. Nationwide Fund Advisors grew its holdings in shares of Mercer International by 16.5% in the 2nd quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock worth $2,495,000 after purchasing an additional 30,661 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Mercer International by 11.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 240,556 shares of the basic materials company’s stock worth $2,767,000 after purchasing an additional 23,872 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Mercer International by 3.0% in the 1st quarter. Geode Capital Management LLC now owns 283,990 shares of the basic materials company’s stock worth $3,322,000 after purchasing an additional 8,231 shares during the last quarter. 79.00% of the stock is currently owned by institutional investors and hedge funds.

MERC has been the topic of several analyst reports. CSFB lowered shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a report on Friday, October 27th. BidaskClub lowered shares of Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Royal Bank Of Canada boosted their price target on shares of Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Finally, Credit Suisse Group lowered shares of Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.19.

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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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