A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock Position Reduced by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 39.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,720 shares of the company's stock after selling 21,596 shares during the period. BNP Paribas Financial Markets owned approximately 0.15% of A-Mark Precious Metals worth $1,489,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Riverwater Partners LLC boosted its holdings in shares of A-Mark Precious Metals by 385.1% in the third quarter. Riverwater Partners LLC now owns 44,774 shares of the company's stock valued at $2,001,000 after acquiring an additional 35,545 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of A-Mark Precious Metals by 359.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company's stock worth $2,657,000 after purchasing an additional 64,221 shares during the period. FMR LLC lifted its stake in shares of A-Mark Precious Metals by 1,714.4% in the third quarter. FMR LLC now owns 1,209,801 shares of the company's stock valued at $53,425,000 after purchasing an additional 1,143,125 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in A-Mark Precious Metals by 44.5% during the third quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company's stock worth $2,430,000 after buying an additional 16,935 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in A-Mark Precious Metals in the second quarter valued at about $5,702,000. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Trading Up 0.2 %

NASDAQ AMRK traded up $0.05 during trading hours on Monday, hitting $28.80. 231,386 shares of the company's stock were exchanged, compared to its average volume of 351,736. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The firm has a market capitalization of $667.58 million, a P/E ratio of 12.26 and a beta of -0.06. The business's 50 day moving average is $35.95 and its 200-day moving average is $36.82. A-Mark Precious Metals, Inc. has a 12-month low of $24.22 and a 12-month high of $47.39.

A-Mark Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals's payout ratio is currently 34.04%.

Analyst Ratings Changes

AMRK has been the topic of several recent research reports. StockNews.com lowered shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research report on Friday, November 22nd. DA Davidson dropped their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.33.

Insider Activity at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 4,320 shares of A-Mark Precious Metals stock in a transaction on Friday, September 20th. The shares were sold at an average price of $44.00, for a total transaction of $190,080.00. Following the sale, the chief executive officer now owns 28,202 shares of the company's stock, valued at $1,240,888. The trade was a 13.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jess M. Ravich sold 14,500 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the transaction, the director now directly owns 190,500 shares of the company's stock, valued at approximately $8,702,040. The trade was a 7.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,316 shares of company stock worth $4,911,036. 48.64% of the stock is currently owned by corporate insiders.

About A-Mark Precious Metals

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.