Public Employees Retirement System of Ohio lowered its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) by 93.4% during the third quarter, HoldingsChannel reports. The firm owned 1,032 shares of the company’s stock after selling 14,674 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in A-Mark Precious Metals were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in A-Mark Precious Metals during the second quarter worth $37,000. FMR LLC grew its holdings in A-Mark Precious Metals by 67.9% during the third quarter. FMR LLC now owns 1,147 shares of the company’s stock worth $34,000 after acquiring an additional 464 shares during the period. Coppell Advisory Solutions LLC acquired a new position in A-Mark Precious Metals during the second quarter worth $68,000. Tower Research Capital LLC TRC grew its holdings in A-Mark Precious Metals by 836.9% during the third quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock worth $64,000 after acquiring an additional 2,017 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in A-Mark Precious Metals by 136.7% during the second quarter. Osaic Holdings Inc. now owns 2,481 shares of the company’s stock worth $93,000 after acquiring an additional 1,433 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.
Insider Activity
In other news, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $713,510.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other A-Mark Precious Metals news, Director Jess M. Ravich bought 20,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of $25.63 per share, for a total transaction of $512,600.00. Following the completion of the transaction, the director now owns 143,668 shares of the company’s stock, valued at approximately $3,682,210.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $713,510.60. The disclosure for this sale can be found here. Insiders have sold 53,637 shares of company stock worth $1,396,360 over the last three months. 23.20% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
AMRK has been the topic of a number of recent analyst reports. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Monday, February 12th. B. Riley decreased their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, DA Davidson reiterated a “buy” rating and set a $42.00 target price on shares of A-Mark Precious Metals in a research report on Monday, March 4th.
Read Our Latest Report on AMRK
A-Mark Precious Metals Stock Up 2.1 %
Shares of NASDAQ:AMRK opened at $30.69 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals, Inc. has a 52-week low of $23.14 and a 52-week high of $42.11. The stock’s fifty day simple moving average is $27.29 and its 200-day simple moving average is $28.39. The company has a market capitalization of $701.27 million and a P/E ratio of 6.80.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.25 billion. As a group, equities research analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current fiscal year.
A-Mark Precious Metals Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 16th were given a $0.20 dividend. The ex-dividend date was Friday, January 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. A-Mark Precious Metals’s dividend payout ratio is currently 17.74%.
About A-Mark Precious Metals
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.
Recommended Stories
Want to see what other hedge funds are holding AMRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report).
Receive News & Ratings for A-Mark Precious Metals Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for A-Mark Precious Metals and related companies with MarketBeat.com’s FREE daily email newsletter.