Mercer International Inc. (MERC) CEO Sells $170,280.00 in Stock

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of Mercer International stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $14.19, for a total value of $170,280.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Mercer International Inc. (NASDAQ MERC) traded down $0.05 during trading hours on Thursday, hitting $14.10. The company’s stock had a trading volume of 126,900 shares, compared to its average volume of 175,071. Mercer International Inc. has a 12 month low of $10.45 and a 12 month high of $15.00. The firm has a market capitalization of $933.00, a PE ratio of 19.58 and a beta of 1.48. The company has a quick ratio of 2.44, a current ratio of 3.58 and a debt-to-equity ratio of 1.40.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, December 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s payout ratio is currently 69.44%.

Several large investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its position in shares of Mercer International by 9.3% in 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 last quarter. Renaissance Group LLC lifted its position in shares of Mercer International by 10.5% in 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 last quarter. Bank of New York Mellon Corp lifted its position in shares of Mercer International by 11.0% in 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 last quarter. Nationwide Fund Advisors lifted its position in shares of Mercer International by 16.5% in 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 last quarter. Finally, Kennedy Capital Management Inc. lifted its position in shares of Mercer International by 14.1% in the second quarter. Kennedy Capital Management Inc. now owns 386,307 shares of the basic materials company’s stock worth $4,443,000 after buying an additional 47,623 shares during the last quarter. 79.00% of the stock is owned by institutional investors.

A number of research firms recently issued reports on MERC. BidaskClub cut Mercer International from a “hold” rating to a “sell” rating in a research report on Wednesday. CSFB cut Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, October 27th. Royal Bank of Canada raised Mercer International from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $12.00 to $15.00 in a research report on Wednesday, October 18th. Finally, Credit Suisse Group cut Mercer International from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 26th. One equities research 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 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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