Charles Schwab Investment Management Inc. Has $15.07 Million Stock Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Charles Schwab Investment Management Inc. decreased its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 21.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 341,208 shares of the company’s stock after selling 93,504 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.47% of A-Mark Precious Metals worth $15,068,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of A-Mark Precious Metals by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company’s stock valued at $31,865,000 after purchasing an additional 6,544 shares during the last quarter. Riverwater Partners LLC boosted its stake in shares of A-Mark Precious Metals by 10.6% in the second quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock valued at $299,000 after buying an additional 881 shares during the period. U S Global Investors Inc. bought a new position in shares of A-Mark Precious Metals in the second quarter worth $486,000. SummerHaven Investment Management LLC boosted its position in shares of A-Mark Precious Metals by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company’s stock worth $614,000 after acquiring an additional 391 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of A-Mark Precious Metals by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,580 shares of the company’s stock valued at $5,327,000 after purchasing an additional 10,673 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK opened at $28.75 on Friday. The business’s 50-day moving average price is $36.26 and its two-hundred day moving average price is $36.91. A-Mark Precious Metals, Inc. has a twelve month low of $24.22 and a twelve month high of $47.39. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The stock has a market cap of $666.43 million, a P/E ratio of 12.23 and a beta of -0.06.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a $0.20 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.78%. A-Mark Precious Metals’s dividend payout ratio is currently 34.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMRK. DA Davidson cut their price target on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.33.

Insider Buying and Selling

In other A-Mark Precious Metals news, CFO Kathleen Taylor-Simpson sold 25,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $43.98, for a total transaction of $1,099,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 22,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,281,498.88. The trade was a 43.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,316 shares of company stock worth $4,911,036. Insiders own 48.64% 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.