Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) major shareholder Peter R. Kellogg acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were acquired at an average cost of $13.98 per share, with a total value of $279,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Mercer International Inc. (NASDAQ:MERC) opened at $14.20 on Monday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.44 and a current ratio of 3.58. Mercer International Inc. has a 52 week low of $10.35 and a 52 week high of $15.00. The stock has a market capitalization of $923.25, a PE ratio of 19.72 and a beta of 1.48.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.50 annualized dividend and a yield of 3.52%. This is a positive change from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s payout ratio is 63.89%.
Several research firms recently issued reports on MERC. BidaskClub raised Mercer International from a “sell” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada lifted their price objective on Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. CSFB lowered Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Friday, October 27th. Finally, Credit Suisse Group lowered Mercer International from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus 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.
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