Peter R. Kellogg Buys 41,032 Shares of Mercer International Inc. (MERC) Stock

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) major shareholder Peter R. Kellogg purchased 41,032 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were bought at an average price of $11.72 per share, for a total transaction of $480,895.04. Following the completion of the transaction, the insider now directly owns 150,000 shares in the company, valued at approximately $1,758,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Mercer International Inc. (MERC) opened at 11.70 on Tuesday. The stock has a market capitalization of $759.74 million, a P/E ratio of 21.27 and a beta of 1.58. Mercer International Inc. has a 12 month low of $7.03 and a 12 month high of $12.98. The company’s 50-day moving average is $11.52 and its 200-day moving average is $11.55.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Mercer International had a net margin of 3.90% and a return on equity of 11.69%. The business had revenue of $242.78 million during the quarter. Equities analysts anticipate that Mercer International Inc. will post $0.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Tuesday, June 27th were given a $0.115 dividend. The ex-dividend date of this dividend was Friday, June 23rd. This represents a $0.46 annualized dividend and a yield of 3.94%. Mercer International’s dividend payout ratio is presently 85.19%.

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Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $12.00 target price on shares of Mercer International in a research report on Tuesday, May 23rd. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $18.00 target price on shares of Mercer International in a research report on Friday, April 28th. TD Securities reissued a “hold” rating and issued a $18.00 target price on shares of Mercer International in a research report on Monday, May 1st. Finally, Zacks Investment Research downgraded shares of Mercer International from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.50.

A number of hedge funds have recently modified their holdings of MERC. Kennedy Capital Management Inc. increased its stake in shares of Mercer International by 274.0% in the first quarter. Kennedy Capital Management Inc. now owns 338,684 shares of the basic materials company’s stock valued at $3,963,000 after buying an additional 248,130 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Mercer International by 3.0% in the first quarter. Geode Capital Management LLC now owns 283,990 shares of the basic materials company’s stock valued at $3,322,000 after buying an additional 8,231 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of 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. Parametric Portfolio Associates LLC increased its stake in shares of 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. Finally, Acrospire Investment Management LLC increased its stake in shares of 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. 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.

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

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