Barclays PLC Has $1.26 Million Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Barclays PLC grew its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 349.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 28,536 shares of the company’s stock after buying an additional 22,181 shares during the quarter. Barclays PLC’s holdings in A-Mark Precious Metals were worth $1,259,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Quarry LP grew its holdings in A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of A-Mark Precious Metals during the second quarter valued at approximately $45,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of A-Mark Precious Metals in the third quarter valued at approximately $88,000. Victory Capital Management Inc. bought a new position in A-Mark Precious Metals in the 3rd quarter worth approximately $226,000. Finally, Fermata Advisors LLC acquired a new position in A-Mark Precious Metals during the 3rd quarter worth $232,000. 75.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on AMRK. DA Davidson lowered their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, A-Mark Precious Metals has a consensus rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock opened at $26.12 on Monday. The firm has a fifty day moving average of $31.54 and a two-hundred day moving average of $35.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The stock has a market capitalization of $605.57 million, a price-to-earnings ratio of 11.11 and a beta of -0.06. A-Mark Precious Metals, Inc. has a 52 week low of $24.22 and a 52 week high of $47.39.

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.