Dimensional Fund Advisors LP boosted its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,129,775 shares of the company’s stock after purchasing an additional 106,842 shares during the period. Dimensional Fund Advisors LP owned approximately 4.87% of A-Mark Precious Metals worth $34,178,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Jump Financial LLC increased its holdings in A-Mark Precious Metals by 22.8% in the 4th quarter. Jump Financial LLC now owns 38,600 shares of the company’s stock valued at $1,168,000 after purchasing an additional 7,169 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of A-Mark Precious Metals by 17.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock valued at $13,681,000 after acquiring an additional 67,452 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in shares of A-Mark Precious Metals during the fourth quarter valued at about $563,000. Yacktman Asset Management LP grew its stake in shares of A-Mark Precious Metals by 21.6% during the fourth quarter. Yacktman Asset Management LP now owns 45,000 shares of the company’s stock valued at $1,361,000 after acquiring an additional 8,000 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of A-Mark Precious Metals by 49.2% during the fourth quarter. New York State Common Retirement Fund now owns 10,368 shares of the company’s stock valued at $314,000 after acquiring an additional 3,417 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.
A-Mark Precious Metals Stock Performance
NASDAQ:AMRK opened at $37.94 on Friday. The company has a market cap of $866.93 million, a price-to-earnings ratio of 11.64 and a beta of -0.05. The firm’s 50-day moving average is $37.20 and its 200-day moving average is $31.22. A-Mark Precious Metals, Inc. has a 52-week low of $23.14 and a 52-week high of $42.48. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.56). The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.18 billion. A-Mark Precious Metals had a net margin of 0.77% and a return on equity of 20.24%. Equities research analysts anticipate that A-Mark Precious Metals, Inc. will post 3.93 earnings per share for the current year.
A-Mark Precious Metals Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were given a $0.20 dividend. The ex-dividend date was Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.11%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 24.54%.
Insider Buying and Selling at A-Mark Precious Metals
In related news, CEO Gregory N. Roberts sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $39.21, for a total transaction of $196,050.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,105,800.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $39.21, for a total value of $196,050.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,105,800.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory N. Roberts sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $38.93, for a total transaction of $583,950.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $1,097,903.86. The disclosure for this sale can be found here. Insiders have sold a total of 51,948 shares of company stock worth $1,996,353 over the last ninety days. Corporate insiders own 23.20% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on AMRK. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Maxim Group initiated coverage on shares of A-Mark Precious Metals in a research note on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price objective on the stock. Northland Capmk lowered shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. DA Davidson lifted their price target on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, B. Riley lowered shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $46.67.
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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