Insider Buying: Mercer International Inc. (MERC) Major Shareholder Acquires 3,500 Shares of Stock

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) major shareholder Peter R. Kellogg acquired 3,500 shares of the stock in a transaction on Monday, December 4th. The stock was bought at an average price of $13.50 per share, with a total value of $47,250.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Mercer International Inc. (MERC) traded up $0.10 during trading hours on Wednesday, hitting $13.50. 138,623 shares of the stock traded hands, compared to its average volume of 202,417. Mercer International Inc. has a 12 month low of $9.80 and a 12 month high of $15.00. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.44 and a current ratio of 3.58. The firm has a market cap of $880.98, a PE ratio of 15.40 and a beta of 1.48.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th will be given a dividend of $0.125 per share. This is a boost from Mercer International’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.50 annualized dividend and a dividend yield of 3.70%. Mercer International’s payout ratio is currently 63.89%.

Large investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its position in shares of Mercer International by 17.8% during the 1st 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 period. Renaissance Group LLC grew its position in shares of Mercer International by 9.7% during the 2nd quarter. Renaissance Group LLC now owns 39,013 shares of the basic materials company’s stock worth $449,000 after buying an additional 3,434 shares during the period. Nationwide Fund Advisors grew its position in shares of Mercer International by 16.5% during the 2nd 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. Bank of New York Mellon Corp grew its position in shares of Mercer International by 11.0% during 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 buying an additional 23,872 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Mercer International by 3.0% during the 1st quarter. Geode Capital Management LLC now owns 283,990 shares of the basic materials company’s stock worth $3,322,000 after buying an additional 8,231 shares during the period. Institutional investors own 79.00% of the company’s stock.

Several equities research analysts have weighed in on the stock. CSFB cut shares of 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 upgraded shares of Mercer International from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $12.00 to $15.00 in a research report on Wednesday, October 18th. Credit Suisse Group cut shares of Mercer International from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, BidaskClub upgraded shares of Mercer International from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Mercer International presently has an average rating of “Hold” and an average target price 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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