180 Wealth Advisors LLC Invests $202,000 in A-Mark Precious Metals, Inc. $AMRK

180 Wealth Advisors LLC purchased a new position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,091 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Acuitas Investments LLC bought a new position in shares of A-Mark Precious Metals in the 2nd quarter worth $1,398,000. Public Employees Retirement System of Ohio increased its holdings in shares of A-Mark Precious Metals by 688.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,062 shares of the company’s stock worth $378,000 after buying an additional 14,899 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of A-Mark Precious Metals by 55.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,522 shares of the company’s stock worth $78,000 after buying an additional 1,255 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of A-Mark Precious Metals by 451.4% in the 1st quarter. Empowered Funds LLC now owns 97,264 shares of the company’s stock worth $2,468,000 after buying an additional 79,624 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of A-Mark Precious Metals in the 1st quarter worth $955,000. Institutional investors own 75.25% of the company’s stock.

Insiders Place Their Bets

In other A-Mark Precious Metals news, Director Moorhead John sold 2,600 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $26.97, for a total transaction of $70,122.00. Following the completion of the sale, the director owned 32,974 shares of the company’s stock, valued at $889,308.78. This represents a 7.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 23.10% of the stock is owned by insiders.

A-Mark Precious Metals Trading Up 2.6%

Shares of AMRK opened at $28.03 on Friday. The stock has a market capitalization of $690.66 million, a P/E ratio of 40.62 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. The firm has a fifty day simple moving average of $25.76 and a two-hundred day simple moving average of $23.45. A-Mark Precious Metals, Inc. has a twelve month low of $19.39 and a twelve month high of $40.17.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Tuesday, September 9th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.19. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations 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 company posted $0.76 EPS. On average, research analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMRK shares. DA Davidson reissued a “buy” rating and issued a $29.00 price target on shares of A-Mark Precious Metals in a report on Wednesday, September 10th. Roth Capital raised shares of A-Mark Precious Metals to a “strong-buy” rating in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of A-Mark Precious Metals in a research note on Tuesday, October 14th. Finally, Zacks Research raised shares of A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 11th. Two 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.00.

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.