8,072 Shares in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. acquired a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,072 shares of the company’s stock, valued at approximately $356,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP raised its position 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 valued at $36,000 after buying an additional 539 shares in the last quarter. nVerses Capital LLC acquired a new position in A-Mark Precious Metals in the 2nd quarter valued at $45,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter valued at $88,000. Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth $226,000. Finally, Fermata Advisors LLC bought a new position in shares of A-Mark Precious Metals in the third quarter worth $232,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

Insider Buying and Selling at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 25,841 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total value of $1,146,048.35. Following the completion of the transaction, the director now owns 292,535 shares of the company’s stock, valued at $12,973,927.25. This represents a 8.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory N. Roberts sold 22,000 shares of the business’s 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 sale, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,281,498.88. This trade represents a 43.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,316 shares of company stock worth $4,911,036 over the last quarter. Corporate insiders own 48.64% of the company’s stock.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK opened at $30.48 on Friday. A-Mark Precious Metals, Inc. has a twelve month low of $24.22 and a twelve month high of $47.39. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is $37.93 and its 200 day simple moving average is $37.27. The firm has a market capitalization of $706.53 million, a PE ratio of 12.97 and a beta of -0.01.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.64 billion. A-Mark Precious Metals had a return on equity of 10.93% and a net margin of 0.57%. On average, analysts anticipate that A-Mark Precious Metals, Inc. will post 3.54 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. A-Mark Precious Metals’s dividend payout ratio is currently 34.04%.

Analyst Ratings Changes

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

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.