Mercer International Inc. (MERC): Peter R Kellogg , 10% owner of Mercer International Inc. purchased 7,631 shares on Apr 22, 2016. The Insider buying transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were purchased at $9.73 per share for a total value of $74,211.48 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 13, 2016, Peter R Kellogg (10% owner) purchased 9,100 shares at $8.28 per share price.On Mar 18, 2015, Genevieve Stannus (Treasurer) sold 5,000 shares at $14.07 per share price.Also, On Mar 10, 2015, David Michael Cooper (VP Sales & Marketing Europe) sold 6,000 shares at $4.38 per share price.On Feb 23, 2015, Eric Xavier Heine (VP Sales Marketing & Logistics) sold 20,000 shares at $14.33 per share price.
Mercer International: On Friday, May 6, 2016 heightened volatility was witnessed in Mercer International which led to swings in the share price. The shares opened for trading at $8.54 and hit $8.83 on the upside , eventually ending the session at $8.73, with a gain of 1.51% or 0.13 points. The heightened volatility saw the trading volume jump to 2,06,730 shares. The 52-week high of the share price is $14.7 and the company has a market cap of $564 M . The 52-week low of the share price is at $5.949.
Company has been under the radar of several Street Analysts.Mercer International is Downgraded by TD Securities to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 29, 2016.Mercer International is Initiated by Standpoint Research to Buy and the brokerage firm has set the Price Target at $12. The Rating was issued on Apr 26, 2016.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 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.