A-Mark Precious Metals Inc (NASDAQ:AMRK) major shareholder William A. Richardson purchased 8,900 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were purchased at an average cost of $12.50 per share, for a total transaction of $111,250.00. Following the purchase, the insider now directly owns 265,088 shares in the company, valued at $3,313,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ:AMRK opened at $13.40 on Thursday. The company has a market cap of $91.54 million, a PE ratio of -223.33 and a beta of 0.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.06. A-Mark Precious Metals Inc has a 12 month low of $10.39 and a 12 month high of $16.95.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Tuesday, September 18th. The company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.05. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. A-Mark Precious Metals had a negative return on equity of 0.62% and a negative net margin of 0.04%. Analysts expect that A-Mark Precious Metals Inc will post 0.36 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Cannell Capital LLC lifted its stake in A-Mark Precious Metals by 66.7% in the 2nd quarter. Cannell Capital LLC now owns 12,500 shares of the company’s stock valued at $166,000 after buying an additional 5,000 shares in the last quarter. Wedbush Securities Inc. lifted its stake in A-Mark Precious Metals by 6.6% in the 2nd quarter. Wedbush Securities Inc. now owns 63,351 shares of the company’s stock valued at $841,000 after buying an additional 3,896 shares in the last quarter. Shufro Rose & Co. LLC lifted its stake in A-Mark Precious Metals by 3.2% in the 2nd quarter. Shufro Rose & Co. LLC now owns 245,850 shares of the company’s stock valued at $3,265,000 after buying an additional 7,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in A-Mark Precious Metals by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 313,079 shares of the company’s stock valued at $3,835,000 after buying an additional 10,916 shares in the last quarter. 18.25% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the company. B. Riley reissued a “neutral” rating and set a $16.50 price target (up previously from $16.00) on shares of A-Mark Precious Metals in a research note on Monday, September 17th. ValuEngine raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Zacks Investment Research raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Monday, June 25th. Finally, TheStreet lowered A-Mark Precious Metals from a “c” rating to a “d+” rating in a research note on Monday, September 24th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. A-Mark Precious Metals currently has a consensus rating of “Hold” and a consensus target price of $15.67.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.

Read More: Price to Earnings Ratio (PE)

Insider Buying and Selling by Quarter for A-Mark Precious Metals (NASDAQ:AMRK)

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