Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) insider Jimmy S. H. Lee sold 25,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $13.32, for a total transaction of $333,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Mercer International Inc. (MERC) traded down $0.10 during trading on Thursday, reaching $13.30. 117,213 shares of the company were exchanged, compared to its average volume of 201,251. The company has a market cap of $864.73, a PE ratio of 15.11 and a beta of 1.48. Mercer International Inc. has a 52 week low of $9.88 and a 52 week high of $15.00. The company has a current ratio of 3.58, a quick ratio of 2.44 and a debt-to-equity ratio of 1.40.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 27th will be paid a $0.125 dividend. This is a boost from Mercer International’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, December 26th. This represents a $0.50 dividend on an annualized basis and a yield of 3.76%. Mercer International’s payout ratio is presently 63.89%.

Institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC boosted its stake in 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 in the last quarter. Renaissance Group LLC boosted its stake in 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 in the last quarter. Nationwide Fund Advisors boosted its stake in 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in 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 in the last quarter. Finally, Geode Capital Management LLC boosted its stake in 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 in the last quarter. Institutional investors own 79.00% of the company’s stock.

A number of analysts have recently commented on the stock. BidaskClub cut shares of Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Royal Bank of Canada upped their price target on shares of Mercer International from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. CSFB cut shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Friday, October 27th. Finally, Credit Suisse Group cut shares of Mercer International from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus 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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