Barclays PLC lifted its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 349.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,536 shares of the company's stock after purchasing an additional 22,181 shares during the period. Barclays PLC owned about 0.12% of A-Mark Precious Metals worth $1,259,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of AMRK. Quarry LP increased its stake in A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company's stock valued at $36,000 after purchasing an additional 539 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of A-Mark Precious Metals during the 2nd quarter valued at about $45,000. Strategic Investment Solutions Inc. IL acquired a new stake in A-Mark Precious Metals during the third quarter worth about $88,000. Victory Capital Management Inc. bought a new position in A-Mark Precious Metals in the third quarter worth about $226,000. Finally, Fermata Advisors LLC acquired a new position in A-Mark Precious Metals in the third quarter valued at approximately $232,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
AMRK has been the topic of a number of research reports. StockNews.com upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. DA Davidson dropped their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $46.33.
Check Out Our Latest Research Report on AMRK
A-Mark Precious Metals Stock Performance
Shares of NASDAQ AMRK traded down $0.02 during midday trading on Monday, hitting $26.10. 206,678 shares of the company's stock were exchanged, compared to its average volume of 348,332. A-Mark Precious Metals, Inc. has a twelve month low of $24.22 and a twelve month high of $47.39. The firm has a market cap of $605.10 million, a P/E ratio of 11.11 and a beta of -0.06. The stock's 50 day moving average price is $31.23 and its 200-day moving average price is $35.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37.
About A-Mark Precious Metals
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Free Report)
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.
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