B. Riley Wealth Advisors Inc. cut its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 66.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,650 shares of the company's stock after selling 26,620 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.06% of A-Mark Precious Metals worth $374,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of A-Mark Precious Metals by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 437,464 shares of the company's stock worth $11,989,000 after buying an additional 5,672 shares during the period. Jacobs Asset Management LLC grew its stake in shares of A-Mark Precious Metals by 12.7% during the 4th quarter. Jacobs Asset Management LLC now owns 310,000 shares of the company's stock valued at $8,494,000 after acquiring an additional 35,000 shares during the period. Wedbush Securities Inc. increased its holdings in A-Mark Precious Metals by 3.8% in the 4th quarter. Wedbush Securities Inc. now owns 275,864 shares of the company's stock worth $7,559,000 after acquiring an additional 10,121 shares in the last quarter. Nuveen Asset Management LLC raised its stake in A-Mark Precious Metals by 1.3% during the 4th quarter. Nuveen Asset Management LLC now owns 250,997 shares of the company's stock worth $6,877,000 after acquiring an additional 3,178 shares during the period. Finally, Invesco Ltd. lifted its holdings in A-Mark Precious Metals by 47.2% during the fourth quarter. Invesco Ltd. now owns 237,830 shares of the company's stock valued at $6,517,000 after purchasing an additional 76,301 shares in the last quarter. Institutional investors own 75.25% of the company's stock.
Insider Activity at A-Mark Precious Metals
In other A-Mark Precious Metals news, CFO Kathleen Taylor-Simpson sold 5,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $20.68, for a total value of $103,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 48.64% of the stock is owned by corporate insiders.
A-Mark Precious Metals Price Performance
Shares of AMRK stock traded up $0.11 during mid-day trading on Wednesday, hitting $20.40. The company had a trading volume of 157,915 shares, compared to its average volume of 305,505. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. The stock's 50 day moving average price is $22.63 and its 200-day moving average price is $26.10. A-Mark Precious Metals, Inc. has a 52-week low of $19.39 and a 52-week high of $47.39. The company has a market capitalization of $502.35 million, a P/E ratio of 9.95 and a beta of 0.32.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.54). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $2.66 billion. Equities research analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.
A-Mark Precious Metals Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were given a $0.20 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.92%. A-Mark Precious Metals's dividend payout ratio is currently 54.05%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on AMRK. 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. B. Riley cut their price target on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. DA Davidson decreased their price target on A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Northland Securities dropped their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research note on Friday, February 7th.
Check Out Our Latest Stock Analysis on AMRK
A-Mark Precious Metals Profile
(
Free Report)
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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