Geode Capital Management LLC Purchases 22,087 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Geode Capital Management LLC raised its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 431,792 shares of the company's stock after acquiring an additional 22,087 shares during the period. Geode Capital Management LLC owned approximately 1.86% of A-Mark Precious Metals worth $19,072,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AMRK. Bard Associates Inc. grew its stake in shares of A-Mark Precious Metals by 0.4% during the third quarter. Bard Associates Inc. now owns 93,411 shares of the company's stock worth $4,125,000 after purchasing an additional 396 shares during the period. Quarry LP grew its position in shares of A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company's stock worth $36,000 after buying an additional 539 shares during the period. Empowered Funds LLC increased its stake in shares of A-Mark Precious Metals by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 16,858 shares of the company's stock valued at $744,000 after acquiring an additional 804 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of A-Mark Precious Metals by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company's stock valued at $1,178,000 after acquiring an additional 1,222 shares during the period. Finally, nVerses Capital LLC bought a new position in A-Mark Precious Metals during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 75.25% of the company's stock.

Analyst Ratings Changes

AMRK has been the subject of several recent analyst reports. StockNews.com raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. DA Davidson lowered their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, A-Mark Precious Metals currently has an average rating of "Hold" and a consensus target price of $46.33.

A-Mark Precious Metals Stock Down 0.9 %

AMRK stock traded down $0.24 during mid-day trading on Friday, hitting $26.12. 162,447 shares of the company were exchanged, compared to its average volume of 348,899. The firm has a market cap of $605.57 million, a P/E ratio of 11.11 and a beta of -0.06. A-Mark Precious Metals, Inc. has a 1-year low of $24.22 and a 1-year high of $47.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The firm's 50 day simple moving average is $31.54 and its 200 day simple moving average is $35.87.

A-Mark Precious Metals Company 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.