5,309 Shares in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Purchased by Private Advisor Group LLC

Private Advisor Group LLC bought a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,309 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMRK. Driehaus Capital Management LLC purchased a new stake in A-Mark Precious Metals during the second quarter worth $5,702,000. Evergreen Capital Management LLC boosted its position in shares of A-Mark Precious Metals by 359.3% in the 2nd 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 in the last quarter. CMC Financial Group acquired a new stake in A-Mark Precious Metals in the 2nd quarter valued at about $1,812,000. B. Riley Wealth Advisors Inc. increased its holdings in A-Mark Precious Metals by 123.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock valued at $3,014,000 after acquiring an additional 51,460 shares in the last quarter. Finally, Empyrean Capital Partners LP acquired a new position in A-Mark Precious Metals during the second quarter worth about $1,618,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at A-Mark Precious Metals

In other A-Mark Precious Metals 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 transaction of $475,217.50. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,281,498.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Wittmeyer sold 10,975 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the completion of the sale, the director now owns 292,535 shares in the company, valued at approximately $12,666,765.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,316 shares of company stock valued at $4,911,036. Company insiders own 48.64% of the company’s stock.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock opened at $31.59 on Friday. The business has a 50 day simple moving average of $41.80 and a 200 day simple moving average of $38.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.39. The firm has a market capitalization of $731.94 million, a price-to-earnings ratio of 11.49 and a beta of -0.01. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion. A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. On average, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.53%. A-Mark Precious Metals’s dividend payout ratio is 29.09%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMRK. DA Davidson cut their target price on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $46.33.

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.