Mercer International Inc. (MERC) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) from a hold rating to a buy rating in a research report report published on Monday, July 24th.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada restated a hold rating and issued a $12.00 price objective on shares of Mercer International in a research report on Tuesday, May 23rd. Zacks Investment Research cut shares of Mercer International from a buy rating to a hold rating in a research report on Wednesday, May 17th. TD Securities restated a hold rating and issued a $18.00 price objective on shares of Mercer International in a research report on Monday, May 1st. Finally, Raymond James Financial, Inc. restated an outperform rating and issued a $18.00 price objective on shares of Mercer International in a research report on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $14.94.

Mercer International (MERC) remained flat at $10.95 during mid-day trading on Monday. The company’s stock had a trading volume of 152,903 shares. Mercer International has a 52-week low of $7.60 and a 52-week high of $12.98. The company has a 50 day moving average price of $11.34 and a 200 day moving average price of $11.64. The stock has a market capitalization of $711.45 million, a price-to-earnings ratio of 18.65 and a beta of 1.57.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 27th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Tuesday, September 26th. Mercer International’s dividend payout ratio (DPR) is 79.31%.

In other news, Director James Shepherd sold 4,560 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $10.91, for a total value of $49,749.60. Following the completion of the transaction, the director now owns 31,450 shares of the company’s stock, valued at approximately $343,119.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Lauritzen sold 6,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $11.15, for a total transaction of $66,900.00. Following the completion of the transaction, the director now directly owns 79,500 shares of the company’s stock, valued at approximately $886,425. The disclosure for this sale can be found here. In the last three months, insiders bought 292,394 shares of company stock valued at $3,355,167 and sold 29,560 shares valued at $345,830. 4.90% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC raised its position in shares of Mercer International by 2,667.4% in the first quarter. Acrospire Investment Management LLC now owns 14,667 shares of the basic materials company’s stock worth $172,000 after buying an additional 14,137 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Mercer International by 17.8% in the first quarter. Parametric Portfolio Associates LLC now owns 17,824 shares of the basic materials company’s stock worth $209,000 after buying an additional 2,689 shares during the last quarter. Renaissance Group LLC raised its position in shares of Mercer International by 2.4% in the first quarter. Renaissance Group LLC now owns 35,579 shares of the basic materials company’s stock worth $416,000 after buying an additional 847 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Mercer International by 1.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 42,870 shares of the basic materials company’s stock worth $502,000 after buying an additional 468 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Mercer International by 1,193.8% in the first quarter. Nationwide Fund Advisors now owns 186,300 shares of the basic materials company’s stock worth $2,180,000 after buying an additional 171,900 shares during the last quarter. 81.41% of the stock is owned by hedge funds and other institutional investors.

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.

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