Pingora Partners LLC purchased a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 12,879 shares of the company’s stock, valued at approximately $1,655,000. Merck KGaA makes up about 1.0% of Pingora Partners LLC’s holdings, making the stock its 29th largest position.
Other institutional investors have also recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new position in Merck KGaA during the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. acquired a new position in shares of Merck KGaA in the second quarter worth about $27,000. Delos Wealth Advisors LLC acquired a new position in Merck KGaA in the 2nd quarter worth about $33,000. Solstein Capital LLC purchased a new position in shares of Merck KGaA during the 2nd quarter valued at approximately $33,000. Finally, Burk Holdings LLC acquired a new stake in shares of Merck KGaA in the second quarter valued at about $39,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Price Performance
OTCMKTS:MKGAF opened at $164.58 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. Merck KGaA has a 12 month low of $116.68 and a 12 month high of $175.56. The firm has a market cap of $21.27 billion, a P/E ratio of 25.13 and a beta of 0.96. The stock has a 50 day moving average of $163.19 and a two-hundred day moving average of $148.83.
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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