Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $14.19, for a total value of $170,280.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Mercer International Inc. (NASDAQ:MERC) opened at $14.75 on Friday. The company has a market capitalization of $934.62, a price-to-earnings ratio of 16.33 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.58 and a quick ratio of 2.44. Mercer International Inc. has a 1 year low of $10.45 and a 1 year high of $15.00.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th were given a $0.125 dividend. The ex-dividend date was Tuesday, December 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.39%. This is an increase from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s payout ratio is currently 69.44%.

Several equities analysts have weighed in on the company. BidaskClub downgraded Mercer International from a “hold” rating to a “sell” rating in a research report on Wednesday. CSFB downgraded Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a research report on Friday, October 27th. Royal Bank of Canada raised Mercer International from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $12.00 to $15.00 in a research report on Wednesday, October 18th. Finally, Credit Suisse Group downgraded Mercer International from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 26th. One investment 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. The stock presently has a consensus rating of “Hold” and an average target price of $16.19.

Several large investors have recently made changes to their positions in MERC. Parametric Portfolio Associates LLC grew its position in shares of Mercer International by 9.3% in 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 period. Renaissance Group LLC grew its position in shares of Mercer International by 10.5% in 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 period. Nationwide Fund Advisors grew its position in shares of Mercer International by 16.5% in the second 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 period. Bank of New York Mellon Corp grew its position in shares of Mercer International by 11.0% in the second 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 period. Finally, Kennedy Capital Management Inc. grew its position in shares of Mercer International by 14.1% in the second 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 period. 79.00% of the stock is owned by institutional investors and hedge funds.

WARNING: “Insider Selling: Mercer International Inc. (MERC) CEO Sells 12,000 Shares of Stock” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://www.watchlistnews.com/insider-selling-mercer-international-inc-merc-ceo-sells-12000-shares-of-stock/1805631.html.

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)

Receive News & Ratings for Mercer International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International and related companies with MarketBeat.com's FREE daily email newsletter.