SG Americas Securities LLC Buys 2,305 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

SG Americas Securities LLC grew its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 54.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,562 shares of the company’s stock after acquiring an additional 2,305 shares during the period. SG Americas Securities LLC’s holdings in A-Mark Precious Metals were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AMRK. Quarry LP raised its stake in shares of A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares during the last quarter. nVerses Capital LLC bought a new position in shares of A-Mark Precious Metals in the second quarter worth about $45,000. Quantbot Technologies LP raised its stake in shares of A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after buying an additional 4,895 shares during the last quarter. Riverwater Partners LLC raised its stake in shares of A-Mark Precious Metals by 10.6% during the second quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock worth $299,000 after buying an additional 881 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of A-Mark Precious Metals during the second quarter worth approximately $308,000. 75.25% of the stock is owned by institutional investors.

Insider Buying and Selling at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Wittmeyer sold 10,975 shares of the company’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 transaction of $475,217.50. Following the completion of the transaction, the director now owns 292,535 shares of the company’s stock, valued at $12,666,765.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,316 shares of company stock valued at $4,911,036. Corporate insiders own 23.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. DA Davidson boosted their price target on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, A-Mark Precious Metals has an average rating of “Hold” and an average price target of $49.33.

A-Mark Precious Metals Stock Up 2.2 %

Shares of NASDAQ:AMRK opened at $43.55 on Monday. A-Mark Precious Metals, Inc. has a 52 week low of $23.14 and a 52 week high of $47.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 1.63. The company has a market capitalization of $995.34 million, a PE ratio of 13.36 and a beta of -0.04. The company has a 50 day moving average price of $41.05 and a two-hundred day moving average price of $38.15.

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

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.84%. The ex-dividend date is Tuesday, October 8th. A-Mark Precious Metals’s payout ratio is presently 24.54%.

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.