Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) major shareholder Peter R. Kellogg bought 1,888 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average price of $8.42 per share, with a total value of $15,896.96. Following the acquisition, the insider now directly owns 2,789,452 shares in the company, valued at approximately $23,487,185.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Mercer International Inc. (NASDAQ:MERC) opened at 8.85 on Wednesday. Mercer International Inc. has a 1-year low of $5.95 and a 1-year high of $10.98. The stock’s 50 day moving average price is $8.19 and its 200 day moving average price is $8.36. The stock has a market capitalization of $572.20 million, a PE ratio of 15.03 and a beta of 1.54.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Thursday, December 22nd will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 5.20%. The ex-dividend date is Tuesday, December 20th. Mercer International’s dividend payout ratio is currently 79.31%.

A number of large investors have recently made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new stake in Mercer International during the second quarter worth $3,584,000. Walthausen & Co. LLC increased its stake in Mercer International by 153.2% in the second quarter. Walthausen & Co. LLC now owns 386,148 shares of the company’s stock worth $3,081,000 after buying an additional 233,668 shares during the period. Systematic Financial Management LP purchased a new stake in Mercer International during the second quarter worth $1,154,000. Bank of New York Mellon Corp increased its stake in Mercer International by 57.1% in the third quarter. Bank of New York Mellon Corp now owns 195,430 shares of the company’s stock worth $1,655,000 after buying an additional 71,047 shares during the period. Finally, Keeley Asset Management Corp increased its stake in Mercer International by 53.7% in the second quarter. Keeley Asset Management Corp now owns 203,170 shares of the company’s stock worth $1,621,000 after buying an additional 70,970 shares during the period. 58.10% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the company. RBC Capital Markets reiterated an “outperform” rating on shares of Mercer International in a report on Saturday, October 29th. Zacks Investment Research cut Mercer International from a “hold” rating to a “sell” rating in a report on Friday, October 21st. Finally, TheStreet cut Mercer International from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.13.

About Mercer International

Mercer International Inc is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source.

5 Day Chart for NASDAQ:MERC

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