American Century Companies Inc. boosted its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) by 9.8% in the third quarter, Holdings Channel.com reports. The fund owned 1,684,735 shares of the company’s stock after buying an additional 150,343 shares during the quarter. American Century Companies Inc. owned about 0.07% of A-Mark Precious Metals worth $49,413,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of 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 purchasing an additional 464 shares in the last quarter. Quarry LP bought a new position in shares of A-Mark Precious Metals during the second quarter worth $37,000. Tower Research Capital LLC TRC lifted its position in A-Mark Precious Metals by 836.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock valued at $64,000 after acquiring an additional 2,017 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in A-Mark Precious Metals in the 2nd quarter valued at $68,000. Finally, FNY Investment Advisers LLC bought a new stake in A-Mark Precious Metals in the 3rd quarter valued at $73,000. Institutional investors and hedge funds own 54.84% of the company’s stock.
Insider Activity at A-Mark Precious Metals
In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,383 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total value of $583,300.98. Following the completion of the sale, the director now owns 453,283 shares of the company’s stock, valued at approximately $11,812,554.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 transaction of $593,049.82. Following the completion of the sale, the director now owns 408,225 shares of the company’s stock, valued at approximately $10,732,235.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Wittmeyer sold 22,383 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total transaction of $583,300.98. Following the sale, the director now directly owns 453,283 shares of the company’s stock, valued at approximately $11,812,554.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,637 shares of company stock worth $1,396,360. Insiders own 23.20% of the company’s stock.
A-Mark Precious Metals Stock Up 0.0 %
A-Mark Precious Metals stock opened at $27.77 on Friday. The firm has a market capitalization of $634.68 million and a PE ratio of 6.16. The company’s 50-day moving average is $27.19 and its 200-day moving average is $28.84. A-Mark Precious Metals, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $42.11. 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 (NASDAQ:AMRK – Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.33). A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. Sell-side analysts anticipate that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current year.
A-Mark Precious Metals Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Tuesday, January 16th were paid a $0.20 dividend. The ex-dividend date was Friday, January 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 17.74%.
Wall Street Analysts Forecast Growth
AMRK has been the topic of several research reports. DA Davidson reaffirmed a “buy” rating and issued a $42.00 price objective on shares of A-Mark Precious Metals in a research report on Monday, March 4th. B. Riley lowered their price target on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Monday, February 12th.
Get Our Latest Stock Report on AMRK
A-Mark Precious Metals 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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