Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $14.36, for a total value of $172,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mercer International Inc. (NASDAQ:MERC) traded up $0.15 during trading hours on Wednesday, reaching $14.55. The company’s stock had a trading volume of 172,431 shares, compared to its average volume of 159,736. Mercer International Inc. has a 1 year low of $10.45 and a 1 year 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 firm has a market capitalization of $939.50, a PE ratio of 20.21 and a beta of 1.48.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.32 earnings per share for the quarter. Mercer International had a return on equity of 13.50% and a net margin of 4.49%.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th were given a dividend of $0.125 per share. This is a boost from Mercer International’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Tuesday, December 26th. Mercer International’s dividend payout ratio is currently 69.44%.

MERC has been the subject of a number of research analyst reports. BidaskClub cut Mercer International from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Royal Bank of Canada boosted their target price on Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. Credit Suisse Group cut Mercer International from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 26th. Finally, CSFB cut Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Mercer International currently has an average rating of “Hold” and a consensus target price of $16.19.

Several hedge funds have recently bought and sold shares of the company. Walthausen & Co. LLC boosted its position in shares of Mercer International by 8.1% during the second quarter. Walthausen & Co. LLC now owns 1,051,619 shares of the basic materials company’s stock worth $12,094,000 after buying an additional 79,242 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Mercer International by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 240,556 shares of the basic materials company’s stock worth $2,767,000 after buying an additional 23,872 shares during the period. Nationwide Fund Advisors boosted its position in shares of Mercer International by 16.5% during the second quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock worth $2,495,000 after buying an additional 30,661 shares during the period. Renaissance Group LLC boosted its position in shares of Mercer International by 10.5% during the third quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock worth $511,000 after buying an additional 4,087 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Mercer International by 9.3% during the second quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock worth $224,000 after buying an additional 1,654 shares during the period. 79.00% of the stock is owned by institutional investors.

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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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