Charles Schwab Investment Management Inc. Has $15.07 Million Stock Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Charles Schwab Investment Management Inc. lowered its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 21.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 341,208 shares of the company's stock after selling 93,504 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.47% of A-Mark Precious Metals worth $15,068,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMRK. Quarry LP grew its stake in A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company's stock worth $36,000 after buying an additional 539 shares during the period. nVerses Capital LLC purchased a new stake in A-Mark Precious Metals during the 2nd quarter worth $45,000. Strategic Investment Solutions Inc. IL acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at $88,000. Victory Capital Management Inc. purchased a new position in A-Mark Precious Metals in the third quarter valued at about $226,000. Finally, Fermata Advisors LLC acquired a new position in shares of A-Mark Precious Metals during the third quarter worth about $232,000. Institutional investors and hedge funds own 75.25% of the company's stock.

A-Mark Precious Metals Stock Down 4.5 %

AMRK stock traded down $1.36 during midday trading on Friday, hitting $28.75. 529,532 shares of the company's stock were exchanged, compared to its average volume of 355,468. The firm has a 50 day moving average price of $36.26 and a 200-day moving average price of $36.89. 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 stock has a market capitalization of $666.54 million, a price-to-earnings ratio of 12.23 and a beta of -0.06.

A-Mark Precious Metals Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMRK shares. DA Davidson lowered their target price on 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. StockNews.com cut shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research report on Friday, November 22nd. One equities research 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, A-Mark Precious Metals has an average rating of "Hold" and a consensus price target of $46.33.

Insider Buying and Selling

In related news, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $44.00, for a total transaction of $190,080.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,240,888. This trade represents a 13.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the transaction, the director now owns 190,500 shares in the company, valued at $8,702,040. This represents a 7.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,316 shares of company stock valued at $4,911,036. Corporate insiders own 48.64% of the company's stock.

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.