Schonfeld Strategic Advisors LLC acquired a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 40,100 shares of the company’s stock, valued at approximately $1,176,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of AMRK. FMR LLC lifted its holdings in shares of A-Mark Precious Metals by 67.9% during the third quarter. FMR LLC now owns 1,147 shares of the company’s stock worth $34,000 after buying an additional 464 shares in the last quarter. Quarry LP acquired a new stake in shares of A-Mark Precious Metals during the second quarter worth $37,000. Tower Research Capital LLC TRC lifted its holdings in shares of A-Mark Precious Metals by 836.9% during the third quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock worth $64,000 after buying an additional 2,017 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of A-Mark Precious Metals during the second quarter worth $68,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of A-Mark Precious Metals during the third quarter worth $73,000. Institutional investors and hedge funds own 54.84% of the company’s stock.
Insider Buying and Selling at A-Mark Precious Metals
In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $713,510.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jess M. Ravich purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $25.63 per share, for a total transaction of $512,600.00. Following the purchase, the director now owns 143,668 shares of the company’s stock, valued at $3,682,210.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The disclosure for this sale can be found here. Insiders sold 53,637 shares of company stock worth $1,396,360 in the last quarter. 23.20% of the stock is currently owned by company insiders.
A-Mark Precious Metals Price Performance
A-Mark Precious Metals stock opened at $28.51 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. A-Mark Precious Metals, Inc. has a 52-week low of $23.14 and a 52-week high of $42.11. The stock’s 50 day moving average price is $27.31 and its two-hundred day moving average price is $29.05. The stock has a market capitalization of $651.45 million and a price-to-earnings ratio of 6.32.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. On average, equities analysts predict that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current year.
A-Mark Precious Metals Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, January 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 17.74%.
Analyst Ratings Changes
A number of research firms have recently weighed in on AMRK. DA Davidson reissued a “buy” rating and set a $42.00 target price on shares of A-Mark Precious Metals in a report on Monday, March 4th. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Finally, B. Riley reduced their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st.
Check Out Our Latest Report on AMRK
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.
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