Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 37,383 shares of the company's stock, valued at approximately $948,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.16% of A-Mark Precious Metals at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in A-Mark Precious Metals during the 1st quarter worth about $41,000. Coppell Advisory Solutions LLC increased its holdings 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 purchasing an additional 806 shares in the last quarter. CWM LLC increased its holdings in A-Mark Precious Metals by 1,192.3% during the 1st quarter. CWM LLC now owns 2,184 shares of the company's stock worth $55,000 after purchasing an additional 2,015 shares in the last quarter. NBC Securities Inc. bought a new position in A-Mark Precious Metals during the 1st quarter worth about $70,000. Finally, GAMMA Investing LLC increased its holdings in A-Mark Precious Metals by 11,170.5% during the 1st quarter. GAMMA Investing LLC now owns 6,875 shares of the company's stock worth $174,000 after purchasing an additional 6,814 shares in the last quarter. Institutional investors own 75.25% of the company's stock.
Insider Transactions at A-Mark Precious Metals
In related news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the firm's 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 can be accessed through the SEC website. Company insiders own 48.64% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on AMRK. DA Davidson lowered their target price on A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 8th. B. Riley lowered their target price on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Wall Street Zen upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, A-Mark Precious Metals presently has an average rating of "Hold" and a consensus price target of $33.00.
Check Out Our Latest Analysis on AMRK
A-Mark Precious Metals Stock Performance
NASDAQ:AMRK traded up $1.3380 during mid-day trading on Friday, hitting $23.9580. The stock had a trading volume of 83,137 shares, compared to its average volume of 254,767. A-Mark Precious Metals, Inc. has a twelve month low of $19.39 and a twelve month high of $47.39. The stock has a market cap of $589.97 million, a price-to-earnings ratio of 16.20 and a beta of 0.14. The company's 50 day simple moving average is $22.25 and its 200 day simple moving average is $23.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 1.56.
A-Mark Precious Metals Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, July 18th. A-Mark Precious Metals's dividend payout ratio (DPR) is 54.05%.
About A-Mark Precious Metals
(
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.
Further Reading
Before you consider A-Mark Precious Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and A-Mark Precious Metals wasn't on the list.
While A-Mark Precious Metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access