Federated Hermes Inc. decreased its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) by 79.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,303 shares of the company’s stock after selling 9,032 shares during the period. Federated Hermes Inc.’s holdings in A-Mark Precious Metals were worth $68,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMRK. Bank of New York Mellon Corp boosted its stake in A-Mark Precious Metals by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 54,841 shares of the company’s stock worth $4,242,000 after purchasing an additional 1,148 shares during the period. Group One Trading L.P. acquired a new position in A-Mark Precious Metals in the 1st quarter worth approximately $621,000. MetLife Investment Management LLC boosted its stake in A-Mark Precious Metals by 58.5% in the 1st quarter. MetLife Investment Management LLC now owns 5,273 shares of the company’s stock worth $408,000 after purchasing an additional 1,946 shares during the period. Rhumbline Advisers boosted its stake in A-Mark Precious Metals by 14.9% in the 1st quarter. Rhumbline Advisers now owns 11,591 shares of the company’s stock worth $896,000 after purchasing an additional 1,505 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of A-Mark Precious Metals by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 320,943 shares of the company’s stock valued at $24,824,000 after buying an additional 22,632 shares during the period. Institutional investors and hedge funds own 54.84% of the company’s stock.
Insider Buying and Selling
In related news, 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 transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $713,510.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jess M. Ravich acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were bought at an average price of $25.63 per share, for a total transaction of $512,600.00. Following the acquisition, the director now owns 143,668 shares in the company, valued at approximately $3,682,210.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory N. Roberts sold 8,696 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $25.30, for a total transaction of $220,008.80. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $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 in the last quarter. 23.20% of the stock is currently owned by company insiders.
A-Mark Precious Metals Stock Up 1.3 %
A-Mark Precious Metals stock opened at $28.51 on Friday. The company has a market capitalization of $651.45 million and a P/E ratio of 6.32. The firm’s fifty day simple moving average is $27.31 and its 200-day simple moving average is $29.05. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals, Inc. has a 1-year low of $23.14 and a 1-year high of $42.11.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. Sell-side analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current fiscal year.
A-Mark Precious Metals Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Tuesday, January 16th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, January 12th. This represents a $0.80 annualized dividend and a yield of 2.81%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 17.74%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. B. Riley decreased their target price on shares of 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. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. Finally, DA Davidson reissued a “buy” rating and set a $42.00 target price on shares of A-Mark Precious Metals in a research note on Monday, March 4th.
Get Our Latest Research 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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