The stock is trading at $14.20 which is quite a bit higher than the 50 day moving average of $11.91 and well above the 200 day moving average of $11.56. The 50 day moving average was up by +19.20% whereas the 200 day moving average was up $2.64 or +22.80%. Trading was light with 6,271 shares changing hands by the end of trading on Tuesday. Overall, volume was down 95.60% under the stocks normal daily volume.
Traders are a little more bearish on shares of the company lately if you take a look at the uptick in short interest. The firm recorded a rise in short interest of 4.78% as of the latest report on September 29, 2017. Short interest increased 9,827 over that timeframe. Days to cover decreased from 2.0 to 1.0 and the short interest percentage is 0.00% as of September 29.
Here is a rundown on some insider market activity for Mercer International Inc. (NASDAQ:MERC). Jimmy S. H. Lee, Executive Chairman let go of $277,250 worth of shares at a price of $11.09 on September 12th. The Executive Chairman now owns $24,015,927 of the stock as recorded in a recent Form 4 SEC filing. Executive Chairman Jimmy S. H. Lee let go of 25,000 shares at a price of $10.96 on Tue the 26th. That brings the Executive Chairman’s holdings to $23,186,406 per an SEC filing yesterday.
The following firms have recently changed their position in MERC. Eqis Capital Management, Inc. expanded its stake by buying 1,007 shares an increase of 9.2% from 06/30/2017 to 09/30/2017. Eqis Capital Management, Inc. now controls 11,943 shares worth $142,000. The value of the position overall is up by 12.7%. Acadian Asset Management LLC reduced its position by shedding 175,358 shares a decrease of 12.7% as of 09/30/2017. Acadian Asset Management LLC controls 1,207,393 shares valued at $14,308,000. The total value of its holdings decreased 10.0%.
As of the end of the quarter Hartford Financial Management Inc. had bought 1,990 shares growing its holdings by 79.3%. The value of the investment in MERC increased from $28,000 to $53,000 a change of $25,000 for the reporting period. As of quarter end Shell Asset Management CO had disposed of a total of 1,000 shares trimming its position 2.2%. The value of the investment in (MERC) went from $513,000 to $517,000 increasing 0.8% quarter to quarter.
On October 19 the company was upgraded to “Outperform” from “Outperform” in an announcement from RBC Capital.
The company is now down from yesterday’s close of 14.3. Additionally Mercer International Inc. recently declared a dividend that was paid on Wednesday the 4th of October 2017. The dividend was $0.115 per share for the quarter which is $0.46 annualized. This dividend represents a yield of $3.24 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Tuesday the 26th of September 2017.
The company’s P/E ratio is 24.19 and the market cap is 922.62M. In the last earnings report the EPS was $0.59 and is projected to be $0.95 for the current year with 64,973,000 shares now outstanding. Next quarter’s EPS is expected be $0.33 and the next full year EPS is projected to be $0.97.
Mercer International Inc., launched on July 12, 2005, is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood. As of December 31, 2016, the Company operated two mills in Eastern Germany and one mill in Western Canada. As of December 31, 2016, its three NBSK pulp mills had consolidated annual production capacity of approximately 1.5 million air-dried metric tons (ADMTs) of NBSK pulp and were capable of generating 305 megawatts (MW) of electricity. Additionally, its German mills generate tall oil from black liquor, which is sold to third parties for use in various applications, including bio-fuels. The Business’s mills generate and sell energy to regional utilities..