Mercer International Inc. (MERC) Files Form 4 Insider Buying : Peter R Kellogg Buys 9,100 Shares

Mercer International Inc. (MERC): Peter R Kellogg , 10% owner of Mercer International Inc. purchased 9,100 shares on Feb 24, 2016. The Insider buying transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $8.28 per share for a total value of $75,377.00 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.Mercer International is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 12 from a previous price target of $11 .The Rating was issued on Feb 16, 2016.Mercer International is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Jan 27, 2016.

Currently the company Insiders own 4.5% of Mercer International shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by 8.17%.Institutional Investors own 59.68% of Mercer International shares.During last six month period, the net percent change held by insiders has seen a change of 9.67%.

Mercer International: On Monday, Apr 11, 2016 heightened volatility was witnessed in Mercer International which led to swings in the share price. The shares opened for trading at $8.97 and hit $9.12 on the upside , eventually ending the session at $9.03, with a gain of 1.23% or 0.11 points. The heightened volatility saw the trading volume jump to 1,33,892 shares. The 52-week high of the share price is $15.26 and the company has a market cap of $584 M . The 52-week low of the share price is at $5.949.

Mercer International Money Flow Index Chart

Mercer International Inc. (Mercer) operates in the pulp industry. The Company produces bleached softwood kraft (NBSK) pulp. It also produces pulp for resale known as market pulp in Germany. The Company generates and sells green energy to regional utilities. Its operations are located in Eastern Germany and Western Canada. It operates three NBSK pulp mills. The Company’s wholly owned subsidiary Rosenthal owns and operates the Rosenthal mill which has an annual production capacity of approximately 360000 ADMTs and 57 MW of electrical generation. The Company’s subsidiary Stendal owns and operates the Stendal mill which has an annual production capacity of approximately 660000 ADMTs and 148 MW of electrical generation. The Company’s wholly owned subsidiary Celgar owns and operates the Celgar mill which is a NBSK pulp mill with an annual production capacity of approximately 520000 ADMTs and 100 MW of electrical generation.

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