6 days Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in shares of Mercer International Inc. ( NASDAQ:MERC – Free Report ) (TSE:MRI.U) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund purchased 9,000 shares of the basic materials company’s stock, valued at approximately $58,000. A number of other hedge funds also recently made changes to their positions in MERC. BNP Paribas Financial Markets increased its position in Mercer International by 22.
7% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,661 shares of the basic materials company’s stock valued at $248,000 after acquiring an additional 6,786 shares during the period. Geode Capital Management LLC grew its stake in shares of Mercer International by 1.
7% in the third quarter. Geode Capital Management LLC now owns 525,532 shares of the basic materials company’s stock worth $3,559,000 after purchasing an additional 8,957 shares in the last quarter. Finally, Entropy Technologies LP increased its holdings in shares of Mercer International by 56.
0% during the fourth quarter. Entropy Technologies LP now owns 17,270 shares of the basic materials company’s stock valued at $112,000 after purchasing an additional 6,200 shares during the period. Institutional investors own 85.
79% of the company’s stock. Wall Street Analyst Weigh In Separately, Raymond James reduced their price target on shares of Mercer International from $7.50 to $7.
00 in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.25.
Mercer International Trading Down 1.3 % Shares of Mercer International stock opened at $5.19 on Friday.
The business has a fifty day simple moving average of $6.49 and a 200-day simple moving average of $6.52.
Mercer International Inc. has a fifty-two week low of $4.74 and a fifty-two week high of $11.
20. The firm has a market cap of $347.06 million, a price-to-earnings ratio of -4.
09 and a beta of 1.26. The company has a quick ratio of 2.
39, a current ratio of 3.79 and a debt-to-equity ratio of 3.09.
Mercer International ( NASDAQ:MERC – Get Free Report ) (TSE:MRI.U) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.
25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.23.
The company had revenue of $488.41 million during the quarter, compared to the consensus estimate of $497.00 million.
Mercer International had a negative net margin of 4.17% and a negative return on equity of 5.18%.
On average, equities analysts forecast that Mercer International Inc. will post -0.29 EPS for the current fiscal year.
Mercer International Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.075 per share.
This represents a $0.30 annualized dividend and a dividend yield of 5.78%.
The ex-dividend date was Wednesday, March 26th. Mercer International’s dividend payout ratio is presently -23.62%.
About Mercer International ( Free Report ) Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills.
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