Empowered Funds LLC Acquires 804 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Empowered Funds LLC increased its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 5.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,858 shares of the company’s stock after buying an additional 804 shares during the period. Empowered Funds LLC owned about 0.07% of A-Mark Precious Metals worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AMRK. Riverwater Partners LLC raised its position in shares of A-Mark Precious Metals by 385.1% in the 3rd quarter. Riverwater Partners LLC now owns 44,774 shares of the company’s stock worth $2,001,000 after acquiring an additional 35,545 shares in the last quarter. Evergreen Capital Management LLC grew its stake in A-Mark Precious Metals by 359.3% in the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock valued at $2,657,000 after purchasing an additional 64,221 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in A-Mark Precious Metals by 44.5% in the third quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company’s stock worth $2,430,000 after purchasing an additional 16,935 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of A-Mark Precious Metals during the second quarter valued at about $5,702,000. Finally, Koss Olinger Consulting LLC bought a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at about $535,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday. DA Davidson reduced their price target on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.33.

Insiders Place Their Bets

In related news, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the transaction, the director now owns 190,500 shares in the company, valued at approximately $8,702,040. This represents a 7.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. The trade was a 43.82 % decrease in their ownership of the stock. 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. 48.64% of the stock is owned by company insiders.

A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock opened at $29.74 on Friday. The company has a 50 day moving average price of $39.03 and a 200 day moving average price of $37.52. The firm has a market capitalization of $689.37 million, a P/E ratio of 12.66 and a beta of -0.01. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals, Inc. has a 52 week low of $24.22 and a 52 week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly 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). A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion. Sell-side analysts expect that A-Mark Precious Metals, Inc. will post 3.54 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a $0.20 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.69%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 34.04%.

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.