Fmr LLC Buys 1,143,125 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Fmr LLC raised its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 1,714.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,209,801 shares of the company’s stock after buying an additional 1,143,125 shares during the period. Fmr LLC owned about 5.22% of A-Mark Precious Metals worth $53,425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AMRK. D.A. Davidson & CO. lifted its stake in shares of A-Mark Precious Metals by 6.4% in the third quarter. D.A. Davidson & CO. now owns 28,740 shares of the company’s stock worth $1,269,000 after acquiring an additional 1,738 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in A-Mark Precious Metals during the 3rd quarter worth approximately $453,000. Algert Global LLC acquired a new position in shares of A-Mark Precious Metals in the 3rd quarter worth approximately $2,029,000. Intech Investment Management LLC bought a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at $251,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of A-Mark Precious Metals during the third quarter worth $356,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

Insider Activity

In related news, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. This trade represents a 43.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jess M. Ravich sold 14,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the transaction, the director now owns 190,500 shares in the company, valued at approximately $8,702,040. The trade was a 7.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,316 shares of company stock worth $4,911,036 in the last three months. Company insiders own 48.64% of the company’s stock.

Wall Street Analysts Forecast Growth

AMRK has been the topic of several recent analyst reports. DA Davidson dropped their target price on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.33.

A-Mark Precious Metals Stock Down 4.5 %

A-Mark Precious Metals stock opened at $28.75 on Friday. The company has a market capitalization of $666.43 million, a PE ratio of 12.23 and a beta of -0.06. A-Mark Precious Metals, Inc. has a 12-month low of $24.22 and a 12-month high of $47.39. The firm’s fifty day moving average is $36.26 and its 200 day moving average is $36.91. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a dividend of $0.20 per share. 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 (DPR) is presently 34.04%.

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.