Tudor Investment Corp ET AL Has $223,000 Holdings in Mercer International Inc. (NASDAQ:MERC)

Tudor Investment Corp ET AL decreased its holdings in Mercer International Inc. (NASDAQ:MERC - Free Report) TSE: MRI.U by 78.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,347 shares of the basic materials company's stock after selling 127,245 shares during the quarter. Tudor Investment Corp ET AL owned about 0.05% of Mercer International worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, KLP Kapitalforvaltning AS purchased a new stake in Mercer International during the 4th quarter valued at about $58,000. 85.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Carsten Merforth bought 7,000 shares of the stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $3.62 per share, with a total value 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 $81,996.62. This trade represents a 44.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Wolfgang Beck bought 8,791 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average price of $3.60 per share, for a total transaction of $31,647.60. Following the completion of the transaction, the vice president now owns 35,054 shares in the company, valued at $126,194.40. This trade represents a 33.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 16,791 shares of company stock valued at $60,628 in the last ninety days. Insiders own 4.20% of the company's stock.

Mercer International Stock Up 3.0%

Shares of MERC stock traded up $0.12 during trading hours on Tuesday, reaching $4.07. 739,631 shares of the stock were exchanged, compared to its average volume of 421,201. Mercer International Inc. has a 12-month low of $3.20 and a 12-month high of $11.17. The firm has a market capitalization of $272.16 million, a P/E ratio of -3.20 and a beta of 1.08. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.79 and a quick ratio of 2.39. The business's fifty day moving average is $5.34 and its two-hundred day moving average is $6.16.

Mercer International (NASDAQ:MERC - Get Free Report) TSE: MRI.U last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.33) earnings per share for the quarter. The company had revenue of $506.97 million for the quarter, compared to analyst estimates of $508.42 million. Mercer International had a negative return on equity of 5.18% and a negative net margin of 4.17%. As a group, research analysts expect that Mercer International Inc. will post -0.29 EPS for the current fiscal year.

Mercer International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 26th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date is Thursday, June 26th. Mercer International's dividend payout ratio (DPR) is presently -22.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MERC shares. CIBC cut their target price on shares of Mercer International from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. TD Securities decreased their price objective 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 decreased their target price on Mercer International from $7.00 to $5.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 22nd. Finally, Raymond James cut their price objective on Mercer International from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Mercer International has an average rating of "Hold" and a consensus target price of $4.75.

Mercer International Company Profile

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.