B. Riley Wealth Advisors Inc. Has $1.78 Million Stock Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

B. Riley Wealth Advisors Inc. cut its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 56.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,270 shares of the company's stock after selling 52,830 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.17% of A-Mark Precious Metals worth $1,778,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMRK. Hobbs Group Advisors LLC acquired a new stake in A-Mark Precious Metals during the third quarter worth about $26,000. Quarry LP lifted its position in shares of A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company's stock valued at $36,000 after acquiring an additional 539 shares during the last quarter. nVerses Capital LLC acquired a new stake in A-Mark Precious Metals during the 2nd quarter worth about $45,000. Strategic Investment Solutions Inc. IL acquired a new position in A-Mark Precious Metals in the 3rd quarter worth approximately $88,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals in the third quarter worth $226,000. 75.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following the transaction, the director now directly owns 292,535 shares in the company, valued at approximately $12,666,765.50. This represents a 3.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kathleen Taylor-Simpson sold 25,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $43.98, for a total transaction of $1,099,500.00. The disclosure for this sale can be found here. Insiders have sold 73,816 shares of company stock valued at $3,248,996 in the last three months. 48.64% of the stock is owned by corporate insiders.

A-Mark Precious Metals Price Performance

Shares of AMRK traded down $0.75 during trading hours on Tuesday, hitting $27.25. The stock had a trading volume of 332,422 shares, compared to its average volume of 349,860. The stock has a market capitalization of $631.76 million, a price-to-earnings ratio of 11.91 and a beta of -0.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The company's fifty day moving average is $34.38 and its two-hundred day moving average is $36.47. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals's dividend payout ratio (DPR) is currently 34.04%.

Analyst Upgrades and Downgrades

AMRK has been the topic of several analyst reports. DA Davidson lowered their target price on shares of 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. StockNews.com upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $46.33.

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.