265,869 Shares in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 265,869 shares of the company's stock, valued at approximately $11,741,000. CWA Asset Management Group LLC owned about 1.15% of A-Mark Precious Metals at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at $88,000. Riverwater Partners LLC grew its stake in 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 purchasing an additional 35,545 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of A-Mark Precious Metals in the third quarter valued at $234,000. Stratos Wealth Advisors LLC acquired a new position in shares of A-Mark Precious Metals during the 3rd quarter worth about $320,000. Finally, nVerses Capital LLC increased its position in A-Mark Precious Metals by 157.1% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock worth $159,000 after buying an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company's stock.

Insider Transactions at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 22,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,281,498.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Gregory N. Roberts sold 22,000 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Wittmeyer sold 25,841 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 $44.35, for a total value of $1,146,048.35. Following the completion of the sale, the director now owns 292,535 shares of the company's stock, valued at approximately $12,973,927.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,316 shares of company stock worth $4,911,036 over the last ninety days. 48.64% of the stock is owned by insiders.

A-Mark Precious Metals Price Performance

NASDAQ AMRK traded down $0.01 during trading on Friday, hitting $31.58. 793,767 shares of the company's stock were exchanged, compared to its average volume of 200,534. The company has a market cap of $731.71 million, a PE ratio of 13.44 and a beta of -0.01. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. The stock's 50 day moving average price is $41.65 and its two-hundred day moving average price is $38.22. A-Mark Precious Metals, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its 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). A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 11.16%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.64 billion. Research analysts expect that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced 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 2.53%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals's dividend payout ratio is currently 34.04%.

Analyst Upgrades and Downgrades

Several research firms have commented on AMRK. DA Davidson decreased their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday. StockNews.com upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, A-Mark Precious Metals presently has a consensus rating of "Hold" and a consensus target price of $46.33.

A-Mark Precious Metals Company 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.