Wedbush Securities Inc. increased its position in shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) by 36.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,733 shares of the company’s stock after acquiring an additional 23,382 shares during the quarter. Wedbush Securities Inc. owned about 1.23% of A-Mark Precious Metals worth $1,129,000 as of its most recent SEC filing.

Separately, Cannell Capital LLC boosted its stake in A-Mark Precious Metals by 66.7% during the 2nd quarter. Cannell Capital LLC now owns 12,500 shares of the company’s stock worth $166,000 after acquiring an additional 5,000 shares during the last quarter. 19.81% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on AMRK. B. Riley reissued a “neutral” rating and set a $16.50 price objective (up previously from $16.00) on shares of A-Mark Precious Metals in a research note on Monday, September 17th. TheStreet lowered shares of A-Mark Precious Metals from a “c” rating to a “d+” rating in a research note on Monday, September 24th. Finally, Zacks Investment Research raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th.

In other news, major shareholder William A. Richardson acquired 8,900 shares of A-Mark Precious Metals stock in a transaction on Monday, October 15th. The shares were bought at an average cost of $12.50 per share, for a total transaction of $111,250.00. Following the acquisition, the insider now directly owns 265,088 shares of the company’s stock, valued at approximately $3,313,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thor Gjerdrum sold 4,070 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $12.08, for a total value of $49,165.60. The disclosure for this sale can be found here. Insiders have sold a total of 6,570 shares of company stock worth $79,101 over the last 90 days. 39.50% of the stock is currently owned by company insiders.

Shares of AMRK opened at $12.23 on Thursday. The company has a market capitalization of $86.48 million, a price-to-earnings ratio of -203.83 and a beta of 0.05. A-Mark Precious Metals Inc has a twelve month low of $10.39 and a twelve month high of $15.80. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 1.23.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.08 by $0.13. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.72 billion. A-Mark Precious Metals had a positive return on equity of 0.79% and a negative net margin of 0.03%. Analysts anticipate that A-Mark Precious Metals Inc will post 0.64 earnings per share for the current year.

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About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.

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Institutional Ownership by Quarter for A-Mark Precious Metals (NASDAQ:AMRK)

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