Mercer International Inc. (MERC) CEO Sells $176,040.00 in Stock

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $14.67, for a total value of $176,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mercer International Inc. (NASDAQ MERC) opened at $14.20 on Friday. Mercer International Inc. has a 1-year low of $10.45 and a 1-year high of $15.00. The company has a market capitalization of $955.75 and a PE ratio of 19.72. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.58 and a quick ratio of 2.44.

MERC has been the topic of a number of recent analyst reports. CSFB downgraded Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Friday, October 27th. BidaskClub downgraded Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Royal Bank of Canada increased their price objective on Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Credit Suisse Group downgraded Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. Finally, ValuEngine upgraded Mercer International from a “hold” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $16.19.

Large investors have recently added to or reduced their stakes in the stock. Walthausen & Co. LLC grew its stake in 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 worth $12,094,000 after buying an additional 79,242 shares during the last quarter. James Investment Research Inc. purchased a new position in Mercer International during the 4th quarter worth approximately $1,991,000. Nationwide Fund Advisors grew its stake in 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 last quarter. Bank of New York Mellon Corp grew its stake in 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 last quarter. Finally, Renaissance Group LLC grew its stake 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 worth $511,000 after buying an additional 4,087 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Mercer International (NASDAQ:MERC)

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