Acuitas Investments LLC Purchases New Stake in A-Mark Precious Metals, Inc. $AMRK

Acuitas Investments LLC purchased a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,032 shares of the company’s stock, valued at approximately $1,398,000. Acuitas Investments LLC owned approximately 0.26% of A-Mark Precious Metals at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of A-Mark Precious Metals during the 1st quarter valued at approximately $41,000. CWM LLC raised its position in shares of A-Mark Precious Metals by 1,192.3% during the 1st quarter. CWM LLC now owns 2,184 shares of the company’s stock valued at $55,000 after acquiring an additional 2,015 shares in the last quarter. Farther Finance Advisors LLC increased its position in A-Mark Precious Metals by 55.4% in the second quarter. Farther Finance Advisors LLC now owns 3,522 shares of the company’s stock worth $78,000 after buying an additional 1,255 shares during the period. AlphaQuest LLC increased its position in A-Mark Precious Metals by 556,900.0% in the first quarter. AlphaQuest LLC now owns 5,570 shares of the company’s stock worth $141,000 after buying an additional 5,569 shares during the period. Finally, Monaco Asset Management SAM acquired a new stake in A-Mark Precious Metals in the first quarter worth $200,000. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Trading Up 1.3%

Shares of AMRK stock opened at $27.33 on Friday. The stock has a 50-day simple moving average of $25.67 and a 200 day simple moving average of $23.38. A-Mark Precious Metals, Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $40.17. The stock has a market capitalization of $673.41 million, a P/E ratio of 39.61 and a beta of 0.37. The company has a quick ratio of 0.42, a current ratio of 1.56 and a debt-to-equity ratio of 0.50.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Tuesday, September 9th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.19. A-Mark Precious Metals had a return on equity of 7.77% and a net margin of 0.16%.The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter last year, the business posted $0.76 earnings per share. On average, sell-side analysts expect that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.

Insider Buying and Selling at A-Mark Precious Metals

In related news, Director Moorhead John sold 2,600 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $26.97, for a total value of $70,122.00. Following the completion of the transaction, the director owned 32,974 shares in the company, valued at $889,308.78. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMRK. DA Davidson reaffirmed a “buy” rating and issued a $29.00 target price on shares of A-Mark Precious Metals in a research report on Wednesday, September 10th. Roth Capital raised A-Mark Precious Metals to a “strong-buy” rating in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of A-Mark Precious Metals in a research report on Tuesday, October 14th. Finally, Zacks Research raised A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

A-Mark Precious Metals Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.