Maxele Advisors LLC purchased a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 5,271 shares of the company’s stock, valued at approximately $677,000. Merck KGaA makes up 0.5% of Maxele Advisors LLC’s holdings, making the stock its 29th largest position.
Several other hedge funds have also recently bought and sold shares of the business. Frazier Financial Advisors LLC acquired a new stake in Merck KGaA during the 2nd quarter worth about $25,000. Rakuten Securities Inc. acquired a new position in shares of Merck KGaA in the 2nd quarter valued at about $27,000. Solstein Capital LLC purchased a new stake in shares of Merck KGaA in the second quarter worth approximately $33,000. Delos Wealth Advisors LLC purchased a new stake in shares of Merck KGaA in the second quarter worth approximately $33,000. Finally, Burk Holdings LLC acquired a new stake in shares of Merck KGaA during the second quarter worth approximately $39,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Stock Performance
Shares of MKGAF opened at $158.15 on Friday. The company’s 50 day moving average price is $163.21 and its 200 day moving average price is $148.95. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The company has a market capitalization of $20.44 billion, a PE ratio of 24.14 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31.
Merck KGaA Company Profile
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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