Mercer International Inc. (MERC) Insider Sells $361,500.00 in Stock

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) insider Jimmy S. H. Lee sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $14.46, for a total transaction of $361,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mercer International Inc. (MERC) traded up $0.25 during trading hours on Friday, reaching $12.70. 285,485 shares of the company were exchanged, compared to its average volume of 149,023. Mercer International Inc. has a 1 year low of $10.45 and a 1 year high of $15.00. The company has a current ratio of 3.58, a quick ratio of 2.44 and a debt-to-equity ratio of 1.40. The stock has a market cap of $825.72, a price-to-earnings ratio of 14.43 and a beta of 1.52.

Institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC lifted its holdings in 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 acquiring an additional 1,654 shares during the period. Renaissance Group LLC lifted its holdings in 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 acquiring an additional 4,087 shares during the period. James Investment Research Inc. acquired a new stake in Mercer International in the fourth quarter valued at $1,991,000. Nationwide Fund Advisors lifted its holdings in 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 acquiring an additional 30,661 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in 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 acquiring an additional 23,872 shares during the period. 79.47% of the stock is owned by institutional investors.

A number of research firms recently weighed in on MERC. BidaskClub lowered shares of Mercer International from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. ValuEngine upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group lowered shares of Mercer International from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 26th. Royal Bank of Canada upgraded shares of Mercer International from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $12.00 to $15.00 in a research report on Wednesday, October 18th. Finally, CSFB lowered shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Mercer International has an average rating of “Hold” and a consensus price target 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.

Insider Buying and Selling by Quarter for Mercer International (NASDAQ:MERC)

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