On September 16, 2024, BUENO ESTRADA JUAN CARLOS, CEO & President of Mercer International Inc (MERC, Financial), purchased 7,800 shares of the company, according to the SEC Filing. This transaction increased the insider's holdings to 67,615 shares.
Mercer International Inc operates in the forest products sector, primarily focusing on the manufacture and sale of northern bleached softwood kraft pulp. The company also engages in the generation of renewable energy derived from its pulp mill operations.
Over the past year, the insider has bought a total of 15,600 shares and has not sold any shares. This recent acquisition is part of a broader trend observed at Mercer International Inc, where there have been 7 insider buys and no insider sells over the past year.
Shares of Mercer International Inc were priced at $6.7 on the day of the transaction. The company currently has a market cap of $430.648 million. According to GF Value, the stock is considered a Possible Value Trap, Think Twice, with a price-to-GF-Value ratio of 0.63, suggesting that the stock might be undervalued.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and expected future business outcomes.
This insider buying activity may be of interest to current and potential investors, as it reflects the confidence of the insider in the future prospects of Mercer International Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
