Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) Director Nancy Orr sold 1,400 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $12.90, for a total transaction of $18,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of MERC stock traded up $0.05 on Thursday, hitting $13.40. The stock had a trading volume of 84,993 shares, compared to its average volume of 169,254. The company has a market capitalization of $858.22, a PE ratio of 10.65 and a beta of 1.63. 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 Inc. has a 52-week low of $10.45 and a 52-week high of $15.00.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its earnings results on Thursday, February 15th. The basic materials company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.24. The business had revenue of $337.70 million during the quarter, compared to the consensus estimate of $318.15 million. Mercer International had a net margin of 6.03% and a return on equity of 17.19%. Mercer International’s revenue for the quarter was up 52.3% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 28th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 27th. This represents a $0.50 annualized dividend and a dividend yield of 3.73%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bogle Investment Management L P DE bought a new position in Mercer International during the 4th quarter valued at $1,242,000. James Investment Research Inc. bought a new position in Mercer International during the 4th quarter valued at $1,991,000. Thrivent Financial For Lutherans bought a new position in Mercer International during the 4th quarter valued at $963,000. Amundi Pioneer Asset Management Inc. bought a new position in Mercer International during the 4th quarter valued at $4,736,000. Finally, Renaissance Group LLC boosted 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 valued at $511,000 after acquiring an additional 4,087 shares during the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.
MERC has been the subject of several recent research reports. BidaskClub raised shares of Mercer International from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. ValuEngine upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.19.
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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.
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