Mercer International Inc. (NASDAQ:MERC - Get Free Report) TSE: MRI.U COO Carsten Merforth bought 7,000 shares of the business's stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $3.62 per share, for a total transaction of $25,340.00. Following the completion of the acquisition, the chief operating officer now owns 22,651 shares of the company's stock, valued at approximately $81,996.62. This represents a 44.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Mercer International Stock Performance
Mercer International stock traded up $0.19 during trading hours on Friday, hitting $4.18. The stock had a trading volume of 768,794 shares, compared to its average volume of 425,844. The company has a 50-day moving average of $5.12 and a two-hundred day moving average of $6.10. The company has a quick ratio of 2.39, a current ratio of 3.79 and a debt-to-equity ratio of 3.09. Mercer International Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $10.23. The company has a market cap of $279.52 million, a PE ratio of -3.29 and a beta of 1.08.
Mercer International (NASDAQ:MERC - Get Free Report) TSE: MRI.U last issued its earnings results on Thursday, May 1st. The basic materials company reported ($0.33) EPS for the quarter. Mercer International had a negative net margin of 4.17% and a negative return on equity of 5.18%. The firm had revenue of $506.97 million during the quarter, compared to analyst estimates of $508.42 million. On average, equities research analysts anticipate that Mercer International Inc. will post -0.29 EPS for the current fiscal year.
Mercer International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 26th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $0.30 annualized dividend and a dividend yield of 7.18%. Mercer International's dividend payout ratio (DPR) is currently -22.22%.
Institutional Trading of Mercer International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MERC. Quantbot Technologies LP boosted its holdings in Mercer International by 943.3% during the first quarter. Quantbot Technologies LP now owns 20,470 shares of the basic materials company's stock valued at $126,000 after purchasing an additional 18,508 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Mercer International in the 4th quarter valued at $58,000. Finally, Entropy Technologies LP increased its position in shares of Mercer International by 56.0% during 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 in the last quarter. Institutional investors own 85.79% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on MERC shares. TD Securities cut their price objective on Mercer International from $5.50 to $4.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Royal Bank of Canada reduced their price objective on shares of Mercer International from $7.00 to $5.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd. CIBC decreased their price objective on shares of Mercer International from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Finally, Raymond James lowered their target price on shares of Mercer International from $7.00 to $5.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $4.75.
Check Out Our Latest Analysis on Mercer International
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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