A-Mark Precious Metals, Inc. (AMRK) Receives “Hold” Rating from B. Riley

B. Riley reissued their hold rating on shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in a report published on Monday. The brokerage currently has a $19.00 price objective on the stock.

A-Mark Precious Metals (AMRK) traded down $0.18 on Monday, reaching $15.21. The company’s stock had a trading volume of 2,500 shares, compared to its average volume of 16,411. The company has a market cap of $106.17, a price-to-earnings ratio of 15.55 and a beta of 0.05. A-Mark Precious Metals has a fifty-two week low of $14.75 and a fifty-two week high of $21.66.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Tuesday, September 12th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.81 billion. A-Mark Precious Metals had a net margin of 0.10% and a return on equity of 9.95%. research analysts expect that A-Mark Precious Metals will post 1.3 EPS for the current year.

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In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $17.17, for a total transaction of $56,661.00. Following the transaction, the chief executive officer now owns 32,656 shares in the company, valued at approximately $560,703.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 10,900 shares of company stock worth $181,644 in the last quarter. Company insiders own 38.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of A-Mark Precious Metals by 13.4% during the 1st quarter. JPMorgan Chase & Co. now owns 15,470 shares of the company’s stock worth $264,000 after acquiring an additional 1,829 shares during the period. Northern Trust Corp grew its holdings in shares of A-Mark Precious Metals by 5.9% during the 2nd quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock worth $564,000 after acquiring an additional 1,902 shares during the period. Cove Street Capital LLC grew its holdings in shares of A-Mark Precious Metals by 3.9% during the 2nd quarter. Cove Street Capital LLC now owns 64,390 shares of the company’s stock worth $1,055,000 after acquiring an additional 2,390 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of A-Mark Precious Metals by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 269,694 shares of the company’s stock worth $4,434,000 after acquiring an additional 2,694 shares during the period. Finally, Shufro Rose & Co. LLC grew its holdings in shares of A-Mark Precious Metals by 2.7% during the 3rd quarter. Shufro Rose & Co. LLC now owns 221,550 shares of the company’s stock worth $3,658,000 after acquiring an additional 5,800 shares during the period. Hedge funds and other institutional investors own 19.85% of the company’s stock.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.

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