Charles Schwab Investment Management Inc. Acquires 83,635 Shares of A-Mark Precious Metals, Inc. $AMRK

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in A-Mark Precious Metals by 33.9%, acquiring an additional 83,635 shares, bringing its total holdings to approximately 330,145 shares worth $8,376,000.
• Institutional investors now own 75.25% of A-Mark Precious Metals, with notable increases from firms such as CWM LLC, which boosted its stake by 1,192.3%.
• A-Mark Precious Metals has recently declared a quarterly dividend of $0.20 per share, representing an annual yield of 3.4%.

Charles Schwab Investment Management Inc. increased its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 33.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,145 shares of the company's stock after acquiring an additional 83,635 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.43% of A-Mark Precious Metals worth $8,376,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in A-Mark Precious Metals during the first quarter worth about $41,000. CWM LLC lifted its stake in shares of A-Mark Precious Metals by 1,192.3% in the first quarter. CWM LLC now owns 2,184 shares of the company's stock worth $55,000 after buying an additional 2,015 shares in the last quarter. NBC Securities Inc. bought a new position in shares of A-Mark Precious Metals in the first quarter worth approximately $70,000. GAMMA Investing LLC lifted its stake in shares of A-Mark Precious Metals by 11,170.5% in the first quarter. GAMMA Investing LLC now owns 6,875 shares of the company's stock worth $174,000 after buying an additional 6,814 shares in the last quarter. Finally, Ancora Advisors LLC lifted its stake in shares of 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 buying an additional 6,784 shares in the last quarter. Institutional investors own 75.25% of the company's stock.

Insiders Place Their Bets

In related news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $20.68, for a total transaction of $103,400.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 48.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AMRK has been the topic of several analyst reports. Wall Street Zen upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. B. Riley dropped their target price on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, DA Davidson dropped their target price on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, A-Mark Precious Metals presently has a consensus rating of "Hold" and an average price target of $33.00.

A-Mark Precious Metals Stock Down 1.2%

Shares of A-Mark Precious Metals stock opened at $23.80 on Tuesday. The company has a market cap of $585.96 million, a price-to-earnings ratio of 16.08 and a beta of 0.14. The company's 50 day moving average is $22.33 and its 200 day moving average is $23.65. A-Mark Precious Metals, Inc. has a twelve month low of $19.39 and a twelve month high of $47.39. The company has a quick ratio of 0.39, a current ratio of 1.56 and a debt-to-equity ratio of 0.46.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were given a dividend of $0.20 per share. The ex-dividend date was Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.4%. A-Mark Precious Metals's dividend payout ratio is 54.05%.

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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