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.
WARNING: This piece was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://stocknewstimes.com/2018/02/11/jimmy-s-h-lee-sells-25000-shares-of-mercer-international-inc-merc-stock-3.html.
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.
Receive News & Ratings for Mercer International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International and related companies with MarketBeat.com's FREE daily email newsletter.