Invesco Ltd. lifted its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) by 80.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 206,464 shares of the company’s stock after purchasing an additional 91,961 shares during the quarter. Invesco Ltd. owned 0.89% of A-Mark Precious Metals worth $6,056,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of AMRK. Wellington Management Group LLP acquired a new stake in A-Mark Precious Metals during the first quarter worth about $19,975,000. State Street Corp increased its stake in A-Mark Precious Metals by 115.0% in the second quarter. State Street Corp now owns 358,999 shares of the company’s stock valued at $11,578,000 after acquiring an additional 192,046 shares during the last quarter. Renaissance Technologies LLC raised its position in A-Mark Precious Metals by 156.4% during the second quarter. Renaissance Technologies LLC now owns 308,384 shares of the company’s stock valued at $9,945,000 after purchasing an additional 188,092 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in A-Mark Precious Metals by 41.1% during the second quarter. Goldman Sachs Group Inc. now owns 541,611 shares of the company’s stock worth $20,275,000 after purchasing an additional 157,750 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of A-Mark Precious Metals by 18.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 903,707 shares of the company’s stock valued at $31,314,000 after purchasing an additional 141,394 shares in the last quarter. Institutional investors own 54.84% of the company’s stock.
A-Mark Precious Metals Trading Up 1.3 %
NASDAQ AMRK opened at $28.51 on Monday. The company has a market cap of $651.45 million and a price-to-earnings ratio of 6.32. A-Mark Precious Metals, Inc. has a twelve month low of $23.14 and a twelve month high of $42.11. 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’s fifty day moving average is $27.31 and its 200 day moving average is $29.01.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. As a group, sell-side analysts expect that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current fiscal year.
A-Mark Precious Metals Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.81%. The ex-dividend date was Friday, January 12th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 17.74%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on AMRK shares. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. DA Davidson restated a “buy” rating and issued a $42.00 price target on shares of A-Mark Precious Metals in a research note on Monday, March 4th. Finally, B. Riley decreased 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 report on Wednesday, February 21st.
View Our Latest Stock Analysis on AMRK
Insider Activity
In related news, CEO Gregory N. Roberts sold 8,696 shares of the business’s 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 owns 28,202 shares of the company’s stock, valued at $713,510.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Gregory N. Roberts sold 8,696 shares of the company’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 $713,510.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jess M. Ravich bought 20,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $25.63 per share, with a total value of $512,600.00. Following the transaction, the director now directly owns 143,668 shares in the company, valued at approximately $3,682,210.84. The disclosure for this purchase 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 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.
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