Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $12.79, for a total transaction of $153,480.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Mercer International Inc. (MERC) traded up $0.55 during trading hours on Thursday, reaching $13.30. 191,900 shares of the company’s stock traded hands, compared to its average volume of 161,692. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.58 and a quick ratio of 2.44. Mercer International Inc. has a 52-week low of $10.45 and a 52-week high of $15.00. The stock has a market cap of $845.22, a P/E ratio of 18.06 and a beta of 1.52.
Large investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC increased its holdings in Mercer International by 9.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock valued at $224,000 after acquiring an additional 1,654 shares in the last quarter. Renaissance Group LLC increased its holdings in Mercer International by 10.5% during the 3rd quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock valued at $511,000 after acquiring an additional 4,087 shares in the last quarter. Thrivent Financial For Lutherans purchased a new position in Mercer International during the 4th quarter valued at about $963,000. Bogle Investment Management L P DE acquired a new stake in shares of Mercer International during the 4th quarter worth about $1,242,000. Finally, James Investment Research Inc. acquired a new stake in shares of Mercer International during the 4th quarter worth about $1,991,000. Hedge funds and other institutional investors own 79.28% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.themarketsdaily.com/2018/02/15/mercer-international-inc-merc-ceo-david-m-gandossi-sells-12000-shares.html.
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.
Receive News & Ratings for Mercer International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International and related companies with MarketBeat.com's FREE daily email newsletter.