Geode Capital Management LLC Increases Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Geode Capital Management LLC boosted its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 5.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 431,792 shares of the company’s stock after purchasing an additional 22,087 shares during the period. Geode Capital Management LLC’s holdings in A-Mark Precious Metals were worth $19,072,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Riverwater Partners LLC increased its holdings in shares of A-Mark Precious Metals by 385.1% in the 3rd quarter. Riverwater Partners LLC now owns 44,774 shares of the company’s stock valued at $2,001,000 after acquiring an additional 35,545 shares during the last quarter. FMR LLC increased its stake in A-Mark Precious Metals by 1,714.4% during the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after purchasing an additional 1,143,125 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of A-Mark Precious Metals by 359.3% during the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after purchasing an additional 64,221 shares during the period. Nations Financial Group Inc. IA ADV lifted its position in shares of A-Mark Precious Metals by 44.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company’s stock worth $2,430,000 after buying an additional 16,935 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of A-Mark Precious Metals in the 2nd quarter valued at about $5,702,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMRK. DA Davidson decreased their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, A-Mark Precious Metals has an average rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Stock Performance

Shares of AMRK opened at $26.12 on Friday. A-Mark Precious Metals, Inc. has a 52-week low of $24.22 and a 52-week high of $47.39. The firm has a market capitalization of $605.57 million, a PE ratio of 11.11 and a beta of -0.06. The firm has a 50-day moving average price of $31.54 and a 200 day moving average price of $35.86. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

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.