Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) Director Eric Lauritzen sold 13,000 shares of the company’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $12.22, for a total value of $158,860.00. Following the completion of the sale, the director now directly owns 69,085 shares of the company’s stock, valued at $844,218.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Eric Lauritzen also recently made the following trade(s):
- On Tuesday, June 20th, Eric Lauritzen sold 6,000 shares of Mercer International stock. The shares were sold at an average price of $11.72, for a total value of $70,320.00.
- On Monday, May 22nd, Eric Lauritzen sold 6,000 shares of Mercer International stock. The shares were sold at an average price of $11.15, for a total value of $66,900.00.
- On Monday, April 24th, Eric Lauritzen sold 500 shares of Mercer International stock. The shares were sold at an average price of $12.00, for a total value of $6,000.00.
Mercer International Inc. (NASDAQ:MERC) traded down 1.63% during trading on Friday, reaching $12.05. The company’s stock had a trading volume of 255,174 shares. Mercer International Inc. has a 12 month low of $7.03 and a 12 month high of $12.98. The stock has a market cap of $782.47 million, a PE ratio of 21.91 and a beta of 1.58. The company’s 50-day moving average is $11.61 and its 200-day moving average is $11.66.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last issued its earnings results on Thursday, April 27th. The basic materials company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.03. The business had revenue of $242.78 million during the quarter. Mercer International had a return on equity of 11.69% and a net margin of 3.90%. Equities analysts expect that Mercer International Inc. will post $1.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Tuesday, June 27th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, June 23rd. This represents a $0.46 annualized dividend and a dividend yield of 3.82%. Mercer International’s dividend payout ratio is 85.19%.
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A number of analysts recently issued reports on MERC shares. Zacks Investment Research raised Mercer International from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research note on Wednesday, April 26th. Raymond James Financial, Inc. reissued an “outperform” rating and set a $18.00 target price on shares of Mercer International in a research note on Friday, April 28th. TD Securities reissued a “hold” rating and set a $18.00 target price on shares of Mercer International in a research note on Monday, May 1st. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $12.00 target price on shares of Mercer International in a research note on Tuesday, May 23rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.
Several large investors have recently added to or reduced their stakes in MERC. Acrospire Investment Management LLC increased its stake in Mercer International by 2,667.4% in the first quarter. Acrospire Investment Management LLC now owns 14,667 shares of the basic materials company’s stock valued at $172,000 after buying an additional 14,137 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Mercer International by 17.8% in the first quarter. Parametric Portfolio Associates LLC now owns 17,824 shares of the basic materials company’s stock valued at $209,000 after buying an additional 2,689 shares in the last quarter. Renaissance Group LLC increased its stake in Mercer International by 2.4% in the first quarter. Renaissance Group LLC now owns 35,579 shares of the basic materials company’s stock valued at $416,000 after buying an additional 847 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Mercer International by 1.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 42,870 shares of the basic materials company’s stock valued at $502,000 after buying an additional 468 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Mercer International by 1,193.8% in the first quarter. Nationwide Fund Advisors now owns 186,300 shares of the basic materials company’s stock valued at $2,180,000 after buying an additional 171,900 shares in the last quarter. Hedge funds and other institutional investors own 81.21% of the company’s stock.
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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