Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) insider Jimmy S. H. Lee sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $14.25, for a total value of $356,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mercer International Inc. (MERC) opened at $14.30 on Friday. The firm has a market capitalization of $929.74, a P/E ratio of 16.25 and a beta of 1.52. Mercer International Inc. has a 1 year low of $9.25 and a 1 year high of $15.00. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.44 and a current ratio of 3.58.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th will be paid a dividend of $0.125 per share. This is an increase from Mercer International’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Tuesday, December 26th. Mercer International’s payout ratio is currently 63.89%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC boosted its stake in shares of Mercer International by 9.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock worth $224,000 after acquiring an additional 1,654 shares during the period. Renaissance Group LLC boosted its stake in shares of Mercer International by 9.7% during the 2nd quarter. Renaissance Group LLC now owns 39,013 shares of the basic materials company’s stock worth $449,000 after acquiring an additional 3,434 shares during the period. Geode Capital Management LLC boosted its stake in shares of Mercer International by 3.0% during the 1st quarter. Geode Capital Management LLC now owns 283,990 shares of the basic materials company’s stock worth $3,322,000 after acquiring an additional 8,231 shares during the period. Bank of New York Mellon Corp boosted its stake 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 worth $2,767,000 after acquiring an additional 23,872 shares during the period. Finally, Nationwide Fund Advisors boosted its stake 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 worth $2,495,000 after acquiring an additional 30,661 shares during the period. Institutional investors own 79.61% of the company’s stock.

Several research firms have weighed in on MERC. CSFB lowered Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. 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 boosted their price target for the stock from $12.00 to $15.00 in a research report on Wednesday, October 18th. BidaskClub lowered Mercer International from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Credit Suisse Group lowered Mercer International from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, TD Securities boosted their price target on Mercer International from $13.00 to $15.75 and gave the stock a “hold” rating in a research report on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.19.

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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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