GSA Capital Partners LLP decreased its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 36.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,106 shares of the company's stock after selling 27,570 shares during the quarter. GSA Capital Partners LLP owned approximately 0.21% of A-Mark Precious Metals worth $2,169,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of A-Mark Precious Metals by 99.6% during the first quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company's stock worth $1,047,000 after purchasing an additional 17,023 shares in the last quarter. Quantbot Technologies LP grew its stake in A-Mark Precious Metals by 192.5% during the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company's stock valued at $228,000 after acquiring an additional 4,895 shares in the last quarter. Vanguard Group Inc. raised its holdings in A-Mark Precious Metals by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company's stock valued at $31,865,000 after acquiring an additional 6,544 shares during the last quarter. Keeley Teton Advisors LLC lifted its position in A-Mark Precious Metals by 18.3% during the first quarter. Keeley Teton Advisors LLC now owns 49,800 shares of the company's stock worth $1,528,000 after buying an additional 7,700 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of A-Mark Precious Metals by 161.7% in the 1st quarter. Lazard Asset Management LLC now owns 11,024 shares of the company's stock valued at $337,000 after buying an additional 6,812 shares during the period. 75.25% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. DA Davidson cut their price objective on A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. StockNews.com raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $46.33.
Read Our Latest Research Report on A-Mark Precious Metals
A-Mark Precious Metals Price Performance
A-Mark Precious Metals stock remained flat at $31.31 during midday trading on Tuesday. The company's stock had a trading volume of 132,848 shares, compared to its average volume of 357,258. The stock's fifty day moving average is $41.65 and its 200-day moving average is $38.22. The stock has a market cap of $725.45 million, a P/E ratio of 13.32 and a beta of -0.01. A-Mark Precious Metals, Inc. has a one year low of $24.22 and a one year high of $47.39. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.59). The company had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.64 billion. A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 11.16%. As a group, equities analysts forecast that A-Mark Precious Metals, Inc. will post 3.54 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, October 22nd. Investors of record on Tuesday, October 8th were given a $0.20 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 34.04%.
Insider Buying and Selling
In other news, Director Michael R. Wittmeyer sold 10,975 shares of the 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 completion of the sale, the director now owns 292,535 shares in the company, valued at approximately $12,666,765.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $44.00, for a total transaction of $190,080.00. Following the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,240,888. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Wittmeyer sold 10,975 shares of the business's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following the completion of the sale, the director now owns 292,535 shares of the company's stock, valued at approximately $12,666,765.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,316 shares of company stock worth $4,911,036 in the last quarter. 48.64% of the stock is owned by insiders.
A-Mark Precious Metals Profile
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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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