DekaBank Deutsche Girozentrale acquired a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,139 shares of the company’s stock, valued at approximately $67,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP bought a new position in shares of A-Mark Precious Metals in the second quarter valued at approximately $37,000. FMR LLC lifted its stake in A-Mark Precious Metals by 67.9% during 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 last quarter. Coppell Advisory Solutions LLC acquired a new stake in A-Mark Precious Metals during the second quarter valued at approximately $68,000. Tower Research Capital LLC TRC lifted its stake 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 valued at $64,000 after purchasing an additional 2,017 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake 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 valued at $93,000 after purchasing an additional 1,433 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors.
Insider Activity at A-Mark Precious Metals
In related news, Director Michael R. Wittmeyer sold 22,558 shares of A-Mark Precious Metals stock in a transaction on Thursday, February 15th. The stock was 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 $10,732,235.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Michael R. Wittmeyer sold 22,558 shares of A-Mark Precious Metals stock in a transaction on Thursday, February 15th. The stock was 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 $10,732,235.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,637 shares of company stock valued at $1,396,360. Insiders own 23.20% of the company’s stock.
A-Mark Precious Metals Stock Down 2.0 %
Shares of NASDAQ:AMRK opened at $36.76 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. The company has a market cap of $839.97 million, a PE ratio of 8.15 and a beta of 0.02. A-Mark Precious Metals, Inc. has a 52 week low of $23.14 and a 52 week high of $42.48. The firm has a 50 day simple moving average of $29.53 and a 200 day simple moving average of $28.79.
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). 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 for the quarter, compared to analyst estimates of $2.25 billion. As a group, research analysts expect that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current year.
A-Mark Precious Metals Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Tuesday, April 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.18%. A-Mark Precious Metals’s payout ratio is 17.74%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. B. Riley reduced their price target on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, DA Davidson upped their price target on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th.
View Our Latest Stock Analysis on AMRK
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.
See Also
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