A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 5.4% during the third quarter, according to the company in its most recent Form 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 quarter. Geode Capital Management LLC owned approximately 1.86% of A-Mark Precious Metals worth $19,072,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMRK. FMR LLC lifted its position 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 worth $53,425,000 after buying an additional 1,143,125 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of A-Mark Precious Metals during the 3rd quarter valued at about $11,741,000. Driehaus Capital Management LLC purchased a new position in shares of A-Mark Precious Metals during the 2nd quarter worth about $5,702,000. Bank of New York Mellon Corp boosted its position in shares of A-Mark Precious Metals by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 164,580 shares of the company’s stock worth $5,327,000 after acquiring an additional 10,673 shares during the last quarter. Finally, Bard Associates Inc. grew its holdings in A-Mark Precious Metals by 0.4% in the third quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock valued at $4,125,000 after purchasing an additional 396 shares during the period. 75.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMRK has been the subject of several research reports. 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 note on Thursday, November 7th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.33.

A-Mark Precious Metals Price Performance

AMRK stock opened at $26.12 on Friday. The firm has a market cap of $605.57 million, a P/E ratio of 11.11 and a beta of -0.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. A-Mark Precious Metals, Inc. has a 1 year low of $24.22 and a 1 year high of $47.39. The stock has a 50-day simple moving average of $31.54 and a 200-day simple moving average of $35.86.

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.