Ames National Corp purchased a new stake in Merck KGaA (OTCMKTS:MKGAF - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,854 shares of the company's stock, valued at approximately $1,009,000. Merck KGaA accounts for about 0.6% of Ames National Corp's holdings, making the stock its 28th largest holding.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Merck KGaA in the second quarter worth about $942,087,000. Cibc World Market Inc. acquired a new position in Merck KGaA during the 2nd quarter worth approximately $186,005,000. Madison Wealth Partners Inc purchased a new position in Merck KGaA in the 2nd quarter worth approximately $1,031,000. Keating Financial Advisory Services Inc. purchased a new position in Merck KGaA in the 2nd quarter worth approximately $592,000. Finally, August Group Capital Ltd acquired a new stake in Merck KGaA in the second quarter valued at approximately $390,000. 0.10% of the stock is owned by institutional investors and hedge funds.
Merck KGaA Trading Up 0.1%
MKGAF opened at $163.45 on Tuesday. The firm's 50 day moving average is $162.78 and its 200-day moving average is $148.59. Merck KGaA has a 52-week low of $116.68 and a 52-week high of $175.56. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $21.12 billion, a P/E ratio of 24.95 and a beta of 0.96.
Merck KGaA Company Profile
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Free Report)
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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