Allspring Global Investments Holdings LLC grew its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) by 52.3% during the fourth quarter, HoldingsChannel reports. The firm owned 149,577 shares of the company’s stock after buying an additional 51,358 shares during the period. Allspring Global Investments Holdings LLC’s holdings in A-Mark Precious Metals were worth $4,525,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. Keeley Teton Advisors LLC raised its holdings in shares of A-Mark Precious Metals by 3.4% during the 1st quarter. Keeley Teton Advisors LLC now owns 6,000 shares of the company’s stock valued at $464,000 after buying an additional 200 shares during the period. MetLife Investment Management LLC raised its stake in shares of A-Mark Precious Metals by 4.3% during the second quarter. MetLife Investment Management LLC now owns 10,317 shares of the company’s stock valued at $386,000 after purchasing an additional 427 shares during the period. State of Wyoming lifted its position in shares of A-Mark Precious Metals by 7.9% during the fourth quarter. State of Wyoming now owns 6,162 shares of the company’s stock worth $214,000 after purchasing an additional 451 shares in the last quarter. FMR LLC boosted its stake in shares of A-Mark Precious Metals by 67.9% in the third quarter. FMR LLC now owns 1,147 shares of the company’s stock valued at $34,000 after purchasing an additional 464 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in A-Mark Precious Metals by 4.0% during the 3rd quarter. Alliancebernstein L.P. now owns 13,100 shares of the company’s stock valued at $372,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.
Insider Activity
In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $713,510.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at $713,510.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Wittmeyer sold 22,558 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total value of $593,049.82. Following the transaction, the director now directly owns 408,225 shares of the company’s stock, valued at $10,732,235.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,637 shares of company stock worth $1,396,360. 23.20% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on AMRK shares. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday. DA Davidson boosted their price target on A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, B. Riley lowered their price objective on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st.
Read Our Latest Stock Report on A-Mark Precious Metals
A-Mark Precious Metals Trading Up 3.0 %
AMRK opened at $37.98 on Friday. The stock has a market capitalization of $868.03 million, a PE ratio of 8.42 and a beta of 0.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.32. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $42.48. The firm’s fifty day moving average price is $29.97 and its 200 day moving average price is $28.91.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. As a group, research analysts expect that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current fiscal year.
A-Mark Precious Metals Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.11%. A-Mark Precious Metals’s payout ratio is 17.74%.
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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