Sei Investments Co. Boosts Stock Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Sei Investments Co. increased its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 11.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 150,892 shares of the company’s stock after purchasing an additional 15,988 shares during the period. Sei Investments Co. owned 0.65% of A-Mark Precious Metals worth $4,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hobbs Group Advisors LLC bought a new position in A-Mark Precious Metals in the 3rd quarter valued at $26,000. Rhumbline Advisers grew its position in A-Mark Precious Metals by 2.1% during the fourth quarter. Rhumbline Advisers now owns 29,814 shares of the company’s stock worth $817,000 after buying an additional 621 shares in the last quarter. Empowered Funds LLC increased its stake in A-Mark Precious Metals by 4.6% in the 4th quarter. Empowered Funds LLC now owns 17,640 shares of the company’s stock worth $483,000 after acquiring an additional 782 shares during the last quarter. Bard Associates Inc. increased its stake in A-Mark Precious Metals by 1.0% in the 4th quarter. Bard Associates Inc. now owns 94,344 shares of the company’s stock worth $2,585,000 after acquiring an additional 933 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of A-Mark Precious Metals by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock valued at $206,000 after acquiring an additional 949 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. 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. Northland Securities cut their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, DA Davidson restated a “buy” rating and set a $35.00 price target on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.75.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ:AMRK opened at $25.27 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $27.56 and a 200-day moving average price of $31.69. The company has a market cap of $581.69 million, a price-to-earnings ratio of 12.33 and a beta of 0.07. A-Mark Precious Metals, Inc. has a 12 month low of $24.70 and a 12 month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, equities analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

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.