Citigroup Inc. trimmed its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) by 72.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,669 shares of the company’s stock after selling 9,542 shares during the period. Citigroup Inc.’s holdings in A-Mark Precious Metals were worth $108,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in A-Mark Precious Metals by 67.9% in 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 acquired a new position in A-Mark Precious Metals in the second quarter worth about $37,000. Tower Research Capital LLC TRC grew its stake in A-Mark Precious Metals by 836.9% in the third quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock worth $64,000 after purchasing an additional 2,017 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in A-Mark Precious Metals in the second quarter worth about $68,000. Finally, FNY Investment Advisers LLC acquired a new position in A-Mark Precious Metals in the third quarter worth about $73,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at A-Mark Precious Metals
In other news, CEO Gregory N. Roberts sold 8,696 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total transaction 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 link. In other news, Director Jess M. Ravich bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $25.63 per share, with a total value of $512,600.00. Following the completion of the acquisition, the director now directly owns 143,668 shares in the company, valued at $3,682,210.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory N. Roberts sold 8,696 shares of the business’s 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 sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $713,510.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,637 shares of company stock worth $1,396,360. Company insiders own 23.20% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on the company. DA Davidson restated a “buy” rating and issued a $42.00 target price on shares of A-Mark Precious Metals in a research note on Monday, March 4th. B. Riley decreased their target price 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. Finally, StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Monday, February 12th.
Check Out Our Latest Research Report on A-Mark Precious Metals
A-Mark Precious Metals Stock Performance
Shares of AMRK stock 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. The business has a 50 day moving average of $27.29 and a two-hundred day moving average of $28.35. A-Mark Precious Metals, Inc. has a 52 week low of $23.14 and a 52 week high of $42.11. The company has a market cap of $701.42 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). The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. As a group, analysts anticipate that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current year.
A-Mark Precious Metals Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 16th were given a dividend of $0.20 per share. The ex-dividend date of this dividend 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 presently 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.
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