Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) insider Jimmy S. H. Lee sold 25,000 shares of Mercer International stock in a transaction dated Friday, November 10th. 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 this link.

Mercer International Inc. (NASDAQ MERC) opened at $14.15 on Tuesday. The firm has a market capitalization of $929.75, a PE ratio of 16.25 and a beta of 1.52. Mercer International Inc. has a 12 month low of $8.50 and a 12 month high of $15.00. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.58 and a quick ratio of 2.44.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 27th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.50 dividend on an annualized basis and a yield of 3.53%. This is a boost from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s dividend payout ratio (DPR) is currently 63.89%.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Walthausen & Co. LLC boosted its position 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 acquiring an additional 79,242 shares during the period. Kennedy Capital Management Inc. boosted its position in 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 worth $4,443,000 after acquiring an additional 47,623 shares during the period. Russell Investments Group Ltd. boosted its position in Mercer International by 22.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 314,654 shares of the basic materials company’s stock worth $3,618,000 after acquiring an additional 57,063 shares during the period. Geode Capital Management LLC boosted its position in 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. Finally, Bank of New York Mellon Corp boosted its position 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 acquiring an additional 23,872 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

A number of equities analysts recently weighed in on the company. BidaskClub raised Mercer International from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. TD Securities lifted their price target on Mercer International from $13.00 to $15.75 and gave the stock a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada raised Mercer International from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $12.00 to $15.00 in a research note on Wednesday, October 18th. Credit Suisse Group cut Mercer International from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 26th. Finally, CSFB cut Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Mercer International has an average rating of “Hold” and an average target price of $16.19.

Mercer International Company Profile

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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