Mercer International Inc. (NASDAQ:MERC - Get Free Report) TSE: MRI.U CEO Estrada Juan Carlos Bueno bought 8,000 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were bought at an average cost of $3.77 per share, for a total transaction of $30,160.00. Following the completion of the transaction, the chief executive officer now directly owns 75,615 shares of the company's stock, valued at $285,068.55. This trade represents a 11.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Mercer International Stock Down 0.3%
NASDAQ:MERC traded down $0.01 during trading hours on Monday, hitting $3.61. 414,343 shares of the company's stock traded hands, compared to its average volume of 439,888. The firm has a market cap of $241.40 million, a P/E ratio of -2.84 and a beta of 1.05. Mercer International Inc. has a twelve month low of $3.20 and a twelve month high of $8.82. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.39 and a current ratio of 3.79. The stock's fifty day moving average price is $4.14 and its two-hundred day moving average price is $5.70.
Mercer International (NASDAQ:MERC - Get Free Report) TSE: MRI.U last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.33) earnings per share for the quarter. Mercer International had a negative net margin of 4.17% and a negative return on equity of 5.18%. The business had revenue of $506.97 million for the quarter, compared to analyst estimates of $508.42 million. On average, research analysts expect that Mercer International Inc. will post -0.29 earnings per share for the current fiscal year.
Mercer International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 26th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 8.31%. The ex-dividend date is Thursday, June 26th. Mercer International's payout ratio is currently -22.22%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on MERC shares. Raymond James cut their target price on Mercer International from $7.00 to $5.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. TD Securities dropped their price target on Mercer International from $5.50 to $4.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Royal Bank of Canada dropped their price target on Mercer International from $7.00 to $5.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, CIBC dropped their price target on Mercer International from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $4.75.
Get Our Latest Analysis on Mercer International
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in Mercer International in the 4th quarter worth about $58,000. Entropy Technologies LP increased its position in Mercer International by 56.0% in the 4th quarter. Entropy Technologies LP now owns 17,270 shares of the basic materials company's stock worth $112,000 after purchasing an additional 6,200 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Mercer International by 943.3% during the 1st quarter. Quantbot Technologies LP now owns 20,470 shares of the basic materials company's stock worth $126,000 after acquiring an additional 18,508 shares in the last quarter. 85.79% of the stock is owned by institutional investors and hedge funds.
Mercer International Company Profile
(
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Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills.
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