Mercer International Inc. (NASDAQ:MERC) Short Interest Up 31.3% in August

Mercer International Inc. (NASDAQ:MERCGet Rating) (TSE:MRI.U) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 436,100 shares, an increase of 31.3% from the August 15th total of 332,100 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 458,500 shares, the short-interest ratio is currently 1.0 days.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Securities increased their price objective on shares of Mercer International from $16.50 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, August 2nd. Royal Bank of Canada increased their price objective on shares of Mercer International from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. Raymond James increased their price objective on shares of Mercer International from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, July 25th. StockNews.com upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research note on Saturday, September 10th. Finally, Credit Suisse Group raised their target price on shares of Mercer International from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Mercer International has an average rating of “Moderate Buy” and a consensus target price of $20.75.

Insider Activity at Mercer International

In related news, Director Rainer Rettig sold 12,000 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $16.34, for a total value of $196,080.00. Following the completion of the sale, the director now owns 10,893 shares in the company, valued at approximately $177,991.62. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Rainer Rettig sold 12,000 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $16.34, for a total value of $196,080.00. Following the completion of the transaction, the director now directly owns 10,893 shares of the company’s stock, valued at approximately $177,991.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Purchase sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $17.01, for a total transaction of $170,100.00. Following the completion of the transaction, the director now directly owns 67,393 shares of the company’s stock, valued at $1,146,354.93. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its holdings in shares of Mercer International by 284.6% during the fourth quarter. BNP Paribas Arbitrage SA now owns 124,704 shares of the basic materials company’s stock worth $1,495,000 after purchasing an additional 92,282 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Mercer International during the first quarter worth approximately $152,000. Campbell & CO Investment Adviser LLC increased its holdings in shares of Mercer International by 56.7% during the first quarter. Campbell & CO Investment Adviser LLC now owns 75,845 shares of the basic materials company’s stock worth $1,058,000 after purchasing an additional 27,458 shares during the period. Rhumbline Advisers increased its holdings in shares of Mercer International by 10.3% during the first quarter. Rhumbline Advisers now owns 65,407 shares of the basic materials company’s stock worth $912,000 after purchasing an additional 6,111 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Mercer International during the first quarter worth approximately $155,000. 73.66% of the stock is owned by institutional investors.

Mercer International Trading Up 1.1 %

Shares of NASDAQ:MERC opened at $13.45 on Friday. Mercer International has a 52-week low of $9.51 and a 52-week high of $17.50. The company has a market capitalization of $889.95 million, a P/E ratio of 2.94 and a beta of 1.43. The company has a 50-day simple moving average of $15.43 and a 200 day simple moving average of $14.82. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.99 and a current ratio of 4.27.

Mercer International (NASDAQ:MERCGet Rating) (TSE:MRI.U) last issued its earnings results on Thursday, July 28th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.08. The business had revenue of $572.33 million during the quarter, compared to the consensus estimate of $484.73 million. Mercer International had a net margin of 14.11% and a return on equity of 42.77%. Mercer International’s revenue was up 42.4% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. Sell-side analysts forecast that Mercer International will post 4.06 earnings per share for the current year.

Mercer International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 28th will be issued a $0.075 dividend. The ex-dividend date is Tuesday, September 27th. This represents a $0.30 annualized dividend and a yield of 2.23%. Mercer International’s dividend payout ratio is currently 6.56%.

Mercer International Company Profile

(Get Rating)

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) pulp in Europe, the United States, Asia, and internationally. The company operates through two segments, Pulp and Wood Products. It also generates and sells green energy produced from biomass cogeneration power plant to third party utilities.

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