Algert Global LLC Invests $2.03 Million in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Algert Global LLC purchased a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,947 shares of the company's stock, valued at approximately $2,029,000. Algert Global LLC owned approximately 0.20% of A-Mark Precious Metals at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AMRK. Riverwater Partners LLC lifted its position in shares of A-Mark Precious Metals by 385.1% during the third quarter. Riverwater Partners LLC now owns 44,774 shares of the company's stock worth $2,001,000 after purchasing an additional 35,545 shares in the last quarter. Evergreen Capital Management LLC raised its position in A-Mark Precious Metals by 359.3% in 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 last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in A-Mark Precious Metals by 44.5% during the 3rd 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. Driehaus Capital Management LLC bought a new position in A-Mark Precious Metals in the 2nd quarter valued at $5,702,000. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at $535,000. Institutional investors own 75.25% of the company's stock.

A-Mark Precious Metals Trading Up 2.0 %

Shares of NASDAQ:AMRK traded up $0.61 during midday trading on Thursday, hitting $30.48. The company had a trading volume of 246,665 shares, compared to its average volume of 355,307. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals, Inc. has a 12 month low of $24.22 and a 12 month high of $47.39. The firm has a fifty day simple moving average of $37.93 and a 200 day simple moving average of $37.27. The stock has a market cap of $706.53 million, a price-to-earnings ratio of 12.97 and a beta of -0.01.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.85 earnings per share 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 analyst estimates of $2.64 billion. A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%. On average, analysts predict that A-Mark Precious Metals, Inc. will post 3.54 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.62%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals's payout ratio is 34.04%.

Insider Activity at A-Mark Precious Metals

In other news, Director Michael R. Wittmeyer sold 10,975 shares of A-Mark Precious Metals stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the transaction, the director now owns 292,535 shares in the company, valued at $12,666,765.50. The trade was a 3.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory N. Roberts sold 22,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares of the company's stock, valued at $1,281,498.88. This represents a 43.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,316 shares of company stock worth $4,911,036. 48.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.