Public Employees Retirement System of Ohio Buys 14,899 Shares of A-Mark Precious Metals, Inc. $AMRK

Key Points

• The Public Employees Retirement System of Ohio increased its stake in A-Mark Precious Metals by 688.8%, acquiring an additional 14,899 shares and bringing its total ownership to approximately 0.07% of the company, worth about $378,000.
• A number of research firms have recently upgraded their ratings on A-Mark Precious Metals, with Roth Capital and Zacks Research both issuing "strong-buy" ratings.
• A-Mark Precious Metals reported an EPS of $0.76 for the last quarter, exceeding consensus estimates of $0.57, though its revenue fell short of expectations at $2.51 billion against an estimate of $2.91 billion.

Public Employees Retirement System of Ohio lifted its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 688.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,062 shares of the company's stock after purchasing an additional 14,899 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of A-Mark Precious Metals worth $378,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invenomic Capital Management LP acquired a new stake in shares of A-Mark Precious Metals in the 1st quarter worth about $8,552,000. Invesco Ltd. raised its holdings in shares of A-Mark Precious Metals by 120.5% in the 1st quarter. Invesco Ltd. now owns 524,342 shares of the company's stock worth $13,303,000 after acquiring an additional 286,512 shares during the last quarter. Nuveen LLC acquired a new stake in shares of A-Mark Precious Metals in the 1st quarter worth about $6,350,000. Raymond James Financial Inc. raised its holdings in shares of A-Mark Precious Metals by 2,692.0% in the 1st quarter. Raymond James Financial Inc. now owns 241,177 shares of the company's stock worth $6,119,000 after acquiring an additional 232,539 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in shares of A-Mark Precious Metals in the 1st quarter worth about $5,754,000. Institutional investors own 75.25% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AMRK. Roth Capital upgraded shares of A-Mark Precious Metals to a "strong-buy" rating in a report on Wednesday, September 10th. DA Davidson restated a "buy" rating and issued a $29.00 target price on shares of A-Mark Precious Metals in a report on Wednesday, September 10th. Weiss Ratings restated a "hold (c-)" rating on shares of A-Mark Precious Metals in a report on Saturday, September 27th. Finally, 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. 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.00.

Insider Buying and Selling

In related news, Director Moorhead John sold 2,600 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 32,974 shares of the company's stock, valued at approximately $889,308.78. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.10% of the company's stock.

A-Mark Precious Metals Stock Down 3.5%

A-Mark Precious Metals stock opened at $25.76 on Tuesday. A-Mark Precious Metals, Inc. has a twelve month low of $19.39 and a twelve month high of $44.64. The firm has a 50 day moving average price of $24.25 and a 200-day moving average price of $23.18. The company has a market capitalization of $634.73 million, a P/E ratio of 37.33 and a beta of 0.37. The company has a quick ratio of 0.42, a current ratio of 1.56 and a debt-to-equity ratio of 0.50.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.57 by $0.19. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.76 EPS. As a group, equities analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Company 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.

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