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Peter Kellogg, a ten percent owner of Mercer International Inc. (NASDAQ:MERC), has recently purchased shares of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Kellogg acquired shares in multiple transactions. The insider buying comes as the stock trades near its 52-week low of $3.20, having declined over 42% in the past six months. InvestingPro analysis shows the stock currently offers an attractive 8.29% dividend yield.
The purchases, all designated by transaction code "P," totaled $524,839. The prices paid ranged from $3.6199 to $3.7499 per share. Specifically, on June 6th, 2025, Kellogg bought 13,600 shares for $3.6199 each and 36,600 shares at $3.6235 per share via Bermuda Partners. On June 9th, 2025, Kellogg purchased 1,171 shares at $3.67 each (via Bermuda Partners), 7,003 shares at $3.725 each and 19,597 shares at $3.7492 each (Via Non Marital PRK Trust) and 30,629 shares at $3.7499 each (via Bermuda Partners). On June 10th, 2025, Kellogg purchased 12,300 shares at $3.7178 each, 12,220 shares at $3.7184 each and 8,900 shares at $3.72 each (Via Non Marital PRK Trust). The company, with a market capitalization of $242 million, is scheduled to report its next earnings on July 31st, 2025.
Following these transactions, Kellogg’s total holdings in Mercer International common stock include shares held directly, indirectly through a spouse, and through various entities including Bermuda Partners, Non Marital PRK Trust, Cardia Company Inc., Peter and Cynthia Kellogg Foundation, IAT Insurance Co. Ltd., E.G. Anderson Inc., C. Kellogg & P Kellogg TTEE U/W Charles A Kirkland Trust, the Myth and Barnegat Restoration Society, Inc., C. Kellogg & P Kellogg TTEE U/W Anne Kirkland Trust, Acceptance Casualty, Acceptance Indemnity, Harco, Wilshire, Transguard and Occidental (NYSE:OXY).
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