Mercer International (MERC) sees Significant Insider Buying Extending the Trend of Last 90 Days

Wednesday, October 11, 2017 10:15 PM ET

Mercer International (MERC) sees Significant Insider Buying Extending the Trend of Last 90 Days

There were noteworthy insider purchases of Mercer International shares today, as disclosed in filings with the SEC as two insiders — Jimmy S H Lee, Director and Officer, and Peter R Kellogg, 10% Owner — purchased 2,658,743 shares in the company having a net market value of approximately $33,000,057. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the acquisition of 309,203 company shares and the sale of 147,560 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 2,795,386 shares and have averaged 523,418 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Mercer International is above the 10-company peer group average. Paper Products peer group saw 14 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Mercer International insiders was also higher. Within the peer group there were 319,203 shares purchased and 152,460 shares sold with company insiders having bought 27,791 shares on average.

Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.

Today’s Insider Activity
* Jimmy S H Lee, Director and Officer, sold 25,000 shares
* Peter R Kellogg, 10% Owner, bought 2,658,743 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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