Mercer International Inc. (MERC) Director Eric Lauritzen Sells 13,000 Shares

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) Director Eric Lauritzen sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $12.22, for a total transaction of $158,860.00. Following the completion of the sale, the director now owns 69,085 shares in the company, valued at $844,218.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Eric Lauritzen also recently made the following trade(s):

  • On Tuesday, June 20th, Eric Lauritzen sold 6,000 shares of Mercer International stock. The stock was sold at an average price of $11.72, for a total transaction of $70,320.00.
  • On Monday, May 22nd, Eric Lauritzen sold 6,000 shares of Mercer International stock. The stock was sold at an average price of $11.15, for a total transaction of $66,900.00.
  • On Monday, April 24th, Eric Lauritzen sold 500 shares of Mercer International stock. The stock was sold at an average price of $12.00, for a total transaction of $6,000.00.

Mercer International Inc. (NASDAQ MERC) remained flat at $10.95 during midday trading on Friday. 152,903 shares of the company traded hands. The firm has a 50 day moving average of $11.34 and a 200 day moving average of $11.64. The stock has a market capitalization of $711.45 million, a price-to-earnings ratio of 18.65 and a beta of 1.57. Mercer International Inc. has a 12 month low of $7.60 and a 12 month high of $12.98.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 27th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $0.46 annualized dividend and a yield of 4.20%. Mercer International’s dividend payout ratio (DPR) is currently 79.31%.

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MERC has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Mercer International from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a report on Wednesday, April 26th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $18.00 target price on shares of Mercer International in a report on Friday, April 28th. TD Securities restated a “hold” rating and set a $18.00 price target on shares of Mercer International in a report on Monday, May 1st. Royal Bank Of Canada restated a “hold” rating and set a $12.00 price target on shares of Mercer International in a report on Tuesday, May 23rd. Finally, BidaskClub upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.94.

Hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors increased its stake in shares of 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 buying an additional 30,661 shares during the period. Kennedy Capital Management Inc. increased its stake in shares of Mercer International by 14.1% in the second quarter. Kennedy Capital Management Inc. now owns 386,307 shares of the basic materials company’s stock valued at $4,443,000 after buying an additional 47,623 shares during the period. Renaissance Group LLC increased its stake in shares of Mercer International by 9.7% in the second quarter. Renaissance Group LLC now owns 39,013 shares of the basic materials company’s stock valued at $449,000 after buying an additional 3,434 shares during the period. Bank of New York Mellon Corp increased its stake in shares of 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 buying an additional 23,872 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Mercer International by 22.2% in the second quarter. Russell Investments Group Ltd. now owns 314,654 shares of the basic materials company’s stock valued at $3,618,000 after buying an additional 57,063 shares during the period. Hedge funds and other institutional investors own 81.41% 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.

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

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