Emerald Mutual Fund Advisers Trust raised its stake in Mercer International Inc. (NASDAQ:MERC) by 36.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 49,201 shares of the company’s stock after buying an additional 13,073 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Mercer International were worth $393,000 as of its most recent SEC filing.
Separately, Acrospire Investment Management LLC acquired a new stake in shares of Mercer International during the first quarter valued at approximately $111,000. Institutional investors own 57.79% of the company’s stock.
Mercer International Inc. (NASDAQ:MERC) traded down 0.36% during trading on Monday, reaching $8.32. The company’s stock had a trading volume of 120,224 shares. The company has a market cap of $537.93 million, a P/E ratio of 10.74 and a beta of 1.29. Mercer International Inc. has a 52 week low of $5.95 and a 52 week high of $11.68. The company’s 50 day moving average price is $8.43 and its 200 day moving average price is $8.59.
Mercer International (NASDAQ:MERC) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.12. Mercer International had a return on equity of 12.44% and a net margin of 5.10%. On average, equities analysts anticipate that Mercer International Inc. will post $0.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Monday, September 26th were issued a $0.115 dividend. The ex-dividend date was Thursday, September 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.53%. Mercer International’s payout ratio is 59.74%.
MERC has been the subject of a number of research reports. Zacks Investment Research cut Mercer International from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd. TheStreet cut Mercer International from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Mercer International has an average rating of “Buy” and a consensus target price 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.
Want to see what other hedge funds are holding MERC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mercer International Inc. (NASDAQ:MERC).
Receive News & Ratings for Mercer International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.