Peter Kellogg Purchases 36,000 Shares of Mercer International (NASDAQ:MERC) Stock

Posted by Brian Himes on Jul 10th, 2026

Mercer International Inc. (NASDAQ:MERC – Get Free Report) (TSE:MRI.U) major shareholder Peter Kellogg acquired 36,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was acquired at an average price of $0.82 per share, with a total value of $29,520.00. Following the completion of the acquisition, the insider owned 1,198,231 shares in the company, valued at approximately $982,549.42. The trade was a 3.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Mercer International Price Performance

Shares of Mercer International stock opened at $0.60 on Friday. The company has a debt-to-equity ratio of 23.58, a quick ratio of 1.22 and a current ratio of 2.17. Mercer International Inc. has a 52-week low of $0.58 and a 52-week high of $4.47. The company has a fifty day moving average of $0.87 and a 200-day moving average of $1.46. The stock has a market capitalization of $40.29 million, a price-to-earnings ratio of -0.08 and a beta of 0.52.

Mercer International (NASDAQ:MERC – Get Free Report) (TSE:MRI.U) last issued its earnings results on Thursday, May 7th. The basic materials company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.04). The business had revenue of $489.30 million during the quarter, compared to analysts’ expectations of $493.00 million. Mercer International had a negative return on equity of 136.20% and a negative net margin of 28.51%. Equities research analysts expect that Mercer International Inc. will post -2.21 EPS for the current year.

Institutional Trading of Mercer International

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Mercer International by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 561,001 shares of the basic materials company’s stock worth $1,111,000 after purchasing an additional 14,603 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in Mercer International during the 2nd quarter valued at about $244,000. Millennium Management LLC raised its position in Mercer International by 16.1% during the 3rd quarter. Millennium Management LLC now owns 994,974 shares of the basic materials company’s stock valued at $2,866,000 after purchasing an additional 137,906 shares during the last quarter. Jump Financial LLC raised its position in Mercer International by 340.6% during the 2nd quarter. Jump Financial LLC now owns 276,837 shares of the basic materials company’s stock valued at $969,000 after purchasing an additional 214,008 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in Mercer International in the 2nd quarter worth approximately $1,804,000. 85.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MERC has been the subject of several analyst reports. TD dropped their target price on Mercer International from $1.00 to $0.50 and set a “sell” rating for the company in a report on Monday, May 11th. Royal Bank Of Canada decreased their price target on Mercer International from $1.25 to $1.00 and set a “sector perform” rating on the stock in a research note on Monday, May 11th. Wall Street Zen upgraded Mercer International from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Mercer International in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus target price of $1.85.

Check Out Our Latest Research Report on MERC

About Mercer International

(Get Free Report)

Mercer International Inc is a publicly traded pulp producer headquartered in Vancouver, British Columbia. Listed on the NASDAQ under the symbol MERC, the company specializes in the manufacture of Northern Bleached Softwood Kraft (NBSK) pulp and dissolving pulp for use in tissue, specialty paper and textile applications.

Mercer’s core business activities include the operation of integrated pulp mills in North America and Europe. Its production portfolio encompasses NBSK pulp, renowned for its strength and versatility, and dissolving pulp, which serves as a key raw material in the manufacture of viscose, cellulose acetate and other specialty products.

The company’s facilities are located in British Columbia and the U.S.

Insider Buying and Selling by Quarter for Mercer International (NASDAQ:MERC)

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