Patron Partners LLC purchased a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 9,663 shares of the company’s stock, valued at approximately $1,242,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MKGAF. Frazier Financial Advisors LLC purchased a new position in Merck KGaA during the second quarter valued at $25,000. Kilter Group LLC bought a new stake in shares of Merck KGaA during the 2nd quarter valued at $62,000. Addison Advisors LLC bought a new position in shares of Merck KGaA in the 2nd quarter worth about $90,000. Hara Capital LLC purchased a new position in Merck KGaA during the 2nd quarter valued at about $110,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Merck KGaA during the 2nd quarter valued at about $134,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Trading Up 0.7%
OTCMKTS:MKGAF opened at $163.21 on Friday. The firm has a market capitalization of $21.09 billion, a P/E ratio of 24.92 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. Merck KGaA has a one year low of $116.68 and a one year high of $175.56. The company’s 50-day simple moving average is $162.62 and its 200 day simple moving average is $148.46.
About Merck KGaA
Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.
The company’s operations are organized mainly into three businesses.
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