Marshall Wace LLP Makes New Investment in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Marshall Wace LLP purchased a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,786 shares of the company’s stock, valued at approximately $349,000.

Other institutional investors also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its holdings in shares of A-Mark Precious Metals by 164.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock valued at $3,326,000 after acquiring an additional 68,320 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of A-Mark Precious Metals by 359.3% during the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after buying an additional 64,221 shares during the period. CMC Financial Group purchased a new stake in shares of A-Mark Precious Metals during the second quarter valued at $1,812,000. Allspring Global Investments Holdings LLC increased its position in shares of A-Mark Precious Metals by 34.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock valued at $6,172,000 after acquiring an additional 51,531 shares during the period. Finally, Significant Wealth Partners LLC acquired a new stake in A-Mark Precious Metals during the 1st quarter worth about $1,194,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Trading Up 1.4 %

Shares of NASDAQ:AMRK opened at $41.34 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $47.39. The business has a 50 day moving average of $40.11 and a two-hundred day moving average of $37.53. The company has a market capitalization of $944.83 million, a PE ratio of 12.68 and a beta of -0.04.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. As a group, analysts forecast that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 24.54%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AMRK shares. StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. DA Davidson lifted their price objective on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $49.33.

Insider Buying and Selling

In related news, Director Michael R. Wittmeyer sold 10,975 shares of A-Mark Precious Metals stock in a transaction on Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the sale, the director now owns 292,535 shares of the company’s stock, valued at approximately $12,666,765.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other A-Mark Precious Metals news, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 190,500 shares of the company’s stock, valued at $8,702,040. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael R. Wittmeyer sold 10,975 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the completion of the transaction, the director now owns 292,535 shares in the company, valued at approximately $12,666,765.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,316 shares of company stock valued at $4,911,036. 23.20% of the stock is owned by company insiders.

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.