California Public Employees Retirement System boosted its stake in Mercer International Inc. (NASDAQ:MERC) by 11.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 236,000 shares of the company’s stock after buying an additional 25,100 shares during the period. California Public Employees Retirement System owned 0.36% of Mercer International worth $1,883,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Emerald Acquisition Ltd. bought a new stake in Mercer International during the second quarter valued at approximately $3,584,000. Bank of New York Mellon Corp raised its stake in shares of Mercer International by 42.7% in the second quarter. Bank of New York Mellon Corp now owns 124,383 shares of the company’s stock valued at $993,000 after buying an additional 37,194 shares during the last quarter. Emerald Advisers Inc. PA raised its stake in shares of Mercer International by 28.2% in the second quarter. Emerald Advisers Inc. PA now owns 103,078 shares of the company’s stock valued at $823,000 after buying an additional 22,645 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in shares of Mercer International by 36.2% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 49,201 shares of the company’s stock valued at $393,000 after buying an additional 13,073 shares during the last quarter. Finally, Bogle Investment Management L P DE raised its stake in shares of Mercer International by 153.6% in the first quarter. Bogle Investment Management L P DE now owns 149,776 shares of the company’s stock valued at $1,415,000 after buying an additional 90,711 shares during the last quarter. Hedge funds and other institutional investors own 57.79% of the company’s stock.
Shares of Mercer International Inc. (NASDAQ:MERC) traded up 0.73% during mid-day trading on Friday, hitting $8.28. The stock had a trading volume of 24,893 shares. The company has a market cap of $535.34 million, a PE ratio of 10.68 and a beta of 1.29. The stock has a 50 day moving average price of $8.43 and a 200-day moving average price of $8.59. Mercer International Inc. has a 52-week low of $5.95 and a 52-week high of $11.68.
Mercer International (NASDAQ:MERC) last issued its earnings results on Thursday, July 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 expect that Mercer International Inc. will post $0.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Monday, September 26th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date was Thursday, September 22nd. Mercer International’s dividend payout ratio (DPR) is 59.74%.
Several analysts have commented on the company. Zacks Investment Research raised Mercer International from a “sell” rating to a “hold” rating in a report on Thursday, September 29th. TheStreet lowered Mercer International from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock 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.
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