SG Americas Securities LLC grew its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) by 27.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,859 shares of the company’s stock after purchasing an additional 2,334 shares during the quarter. SG Americas Securities LLC’s holdings in A-Mark Precious Metals were worth $328,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the business. FMR LLC boosted its holdings in A-Mark Precious Metals by 67.9% in the 3rd quarter. FMR LLC now owns 1,147 shares of the company’s stock worth $34,000 after buying an additional 464 shares during the period. Quarry LP bought a new position in shares of A-Mark Precious Metals in the second quarter worth $37,000. Tower Research Capital LLC TRC grew its position in shares of 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 valued at $64,000 after purchasing an additional 2,017 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of A-Mark Precious Metals during the 2nd quarter valued at $68,000. Finally, FNY Investment Advisers LLC purchased a new stake in A-Mark Precious Metals during the 3rd quarter worth about $73,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.
A-Mark Precious Metals Stock Performance
NASDAQ:AMRK opened at $39.04 on Tuesday. The stock has a market cap of $892.06 million, a P/E ratio of 8.66 and a beta of 0.02. 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 50-day moving average price is $27.89 and its two-hundred day moving average price is $28.33. A-Mark Precious Metals, Inc. has a twelve month low of $23.14 and a twelve month high of $42.11.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last posted 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 company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.25 billion. As a group, equities analysts predict that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current fiscal year.
A-Mark Precious Metals Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 17.74%.
Insider Transactions at A-Mark Precious Metals
In related news, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total value of $593,049.82. Following the transaction, 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 can be accessed through this hyperlink. In other news, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $26.29, for a total transaction of $593,049.82. Following the transaction, the director now directly owns 408,225 shares in the company, valued at approximately $10,732,235.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Wittmeyer sold 22,383 shares of the business’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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 53,637 shares of company stock valued at $1,396,360. Insiders own 23.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on AMRK shares. DA Davidson reiterated a “buy” rating and set a $42.00 price target on shares of A-Mark Precious Metals in a research report on Monday, March 4th. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Finally, B. Riley cut 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 report on Wednesday, February 21st.
Read Our Latest Report on AMRK
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.
See Also
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