Farther Finance Advisors LLC Has $78,000 Stock Position in A-Mark Precious Metals, Inc. $AMRK

Farther Finance Advisors LLC increased its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 55.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,522 shares of the company’s stock after purchasing an additional 1,255 shares during the period. Farther Finance Advisors LLC’s holdings in A-Mark Precious Metals were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its position in A-Mark Precious Metals by 6.7% during the 1st quarter. Teacher Retirement System of Texas now owns 57,344 shares of the company’s stock worth $1,455,000 after buying an additional 3,582 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of A-Mark Precious Metals during the 1st quarter worth approximately $41,000. Raymond James Financial Inc. grew its position in shares of A-Mark Precious Metals by 2,692.0% during the 1st quarter. Raymond James Financial Inc. now owns 241,177 shares of the company’s stock worth $6,119,000 after purchasing an additional 232,539 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of A-Mark Precious Metals during the 1st quarter worth approximately $1,524,000. Finally, Nuveen LLC acquired a new stake in shares of A-Mark Precious Metals during the 1st quarter worth approximately $6,350,000. 75.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMRK has been the subject of several research reports. Roth Capital raised shares of A-Mark Precious Metals to a “strong-buy” rating in a research note on Wednesday, September 10th. DA Davidson reissued a “buy” rating and set a $29.00 target price on shares of A-Mark Precious Metals in a research note on Wednesday, September 10th. Zacks Research upgraded shares of A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of A-Mark Precious Metals in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, A-Mark Precious Metals presently has an average rating of “Moderate Buy” and an average price target of $33.00.

A-Mark Precious Metals Price Performance

Shares of NASDAQ:AMRK opened at $26.69 on Friday. The company has a 50 day moving average of $24.17 and a 200 day moving average of $23.24. The stock has a market cap of $657.64 million, a P/E ratio of 38.68 and a beta of 0.37. A-Mark Precious Metals, Inc. has a 12 month low of $19.39 and a 12 month high of $45.38. The company has a current ratio of 1.56, a quick ratio of 0.42 and a debt-to-equity ratio of 0.50.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Tuesday, September 9th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.19. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.91 billion. A-Mark Precious Metals had a net margin of 0.16% and a return on equity of 7.77%. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, sell-side analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

Insider Activity

In other news, Director Moorhead John sold 2,600 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $26.97, for a total value of $70,122.00. Following the completion of the sale, the director owned 32,974 shares of the company’s stock, valued at approximately $889,308.78. This represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 48.64% of the company’s stock.

About A-Mark Precious Metals

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.