Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $14.31, for a total transaction of $171,720.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Mercer International Inc. (NASDAQ MERC) traded up $0.05 during midday trading on Thursday, hitting $14.35. 186,900 shares of the stock traded hands, compared to its average volume of 328,600. Mercer International Inc. has a 12-month low of $10.35 and a 12-month high of $15.00. The stock has a market cap of $926.50, a price-to-earnings ratio of 19.93 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 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. The ex-dividend date is Tuesday, December 26th. This represents a $0.50 annualized dividend and a dividend yield of 3.48%. This is a positive change from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s dividend payout ratio is presently 69.44%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Walthausen & Co. LLC increased its position in shares of Mercer International by 8.1% during the 2nd quarter. Walthausen & Co. LLC now owns 1,051,619 shares of the basic materials company’s stock valued at $12,094,000 after purchasing an additional 79,242 shares during the last quarter. Kennedy Capital Management Inc. increased its position in shares of Mercer International by 14.1% during the 2nd quarter. Kennedy Capital Management Inc. now owns 386,307 shares of the basic materials company’s stock valued at $4,443,000 after purchasing an additional 47,623 shares during the last quarter. Bank of New York Mellon Corp increased 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 valued at $2,767,000 after purchasing an additional 23,872 shares during the last quarter. Nationwide Fund Advisors increased 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 valued at $2,495,000 after purchasing an additional 30,661 shares during the last quarter. Finally, Renaissance Group LLC increased its position in shares of 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 purchasing an additional 4,087 shares during the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.
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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.
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