A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 66.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,650 shares of the company's stock after selling 26,620 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.06% of A-Mark Precious Metals worth $374,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Coppell Advisory Solutions LLC lifted its position in A-Mark Precious Metals by 72.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company's stock worth $53,000 after buying an additional 806 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of A-Mark Precious Metals by 446.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock valued at $62,000 after acquiring an additional 1,840 shares during the last quarter. Ancora Advisors LLC grew its stake in A-Mark Precious Metals by 2,013.1% in the fourth quarter. Ancora Advisors LLC now owns 7,121 shares of the company's stock worth $195,000 after purchasing an additional 6,784 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of A-Mark Precious Metals during the fourth quarter worth about $200,000. Finally, SG Americas Securities LLC increased its holdings in shares of A-Mark Precious Metals by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock valued at $206,000 after acquiring an additional 949 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at A-Mark Precious Metals

In related news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $20.68, for a total value of $103,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 48.64% of the company's stock.

A-Mark Precious Metals Price Performance

AMRK traded up $0.04 on Wednesday, hitting $20.33. 50,553 shares of the company's stock were exchanged, compared to its average volume of 306,338. The firm has a 50-day moving average price of $22.63 and a 200-day moving average price of $26.10. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The stock has a market cap of $500.63 million, a price-to-earnings ratio of 9.93 and a beta of 0.32. A-Mark Precious Metals, Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.54). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.66 billion. As a group, equities analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.94%. A-Mark Precious Metals's dividend payout ratio (DPR) is currently 54.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AMRK shares. B. Riley dropped their price objective on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Northland Securities dropped their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Wall Street Zen raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Finally, DA Davidson dropped their price objective on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

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.