Shares of Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) have been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.19.
Several analysts have recently commented on the company. BidaskClub cut Mercer International from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. ValuEngine raised Mercer International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
Shares of Mercer International (NASDAQ:MERC) traded down $0.70 during trading on Wednesday, hitting $12.60. The stock had a trading volume of 347,001 shares, compared to its average volume of 177,709. The firm has a market capitalization of $819.22, a PE ratio of 8.13 and a beta of 1.56. The company has a current ratio of 1.98, a quick ratio of 1.57 and a debt-to-equity ratio of 1.25. Mercer International has a 1-year low of $10.45 and a 1-year high of $15.00.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 28th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a $0.50 annualized dividend and a dividend yield of 3.97%. Mercer International’s dividend payout ratio (DPR) is presently 32.26%.
In other Mercer International news, major shareholder Peter R. Kellogg bought 17,243 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average price of $13.46 per share, with a total value of $232,090.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Gandossi sold 12,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $13.25, for a total value of $159,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders bought 137,757 shares of company stock valued at $1,934,114 and sold 273,500 shares valued at $3,829,030. Company insiders own 4.90% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MERC. Parametric Portfolio Associates LLC boosted its position in Mercer International by 9.3% during the second quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock valued at $224,000 after purchasing an additional 1,654 shares during the last quarter. Renaissance Group LLC boosted its position in Mercer International by 10.5% during the third 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. James Investment Research Inc. acquired a new stake in Mercer International during the fourth quarter valued at $1,991,000. Geode Capital Management LLC boosted its position in Mercer International by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 368,777 shares of the basic materials company’s stock valued at $5,272,000 after purchasing an additional 6,282 shares during the last quarter. Finally, Bogle Investment Management L P DE acquired a new stake in Mercer International during the fourth quarter valued at $1,242,000. 76.16% of the stock is owned by hedge funds and other institutional investors.
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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