Fmr LLC Acquires 1,143,125 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

FMR LLC lifted its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 1,714.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,209,801 shares of the company's stock after purchasing an additional 1,143,125 shares during the quarter. FMR LLC owned approximately 5.22% of A-Mark Precious Metals worth $53,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in A-Mark Precious Metals by 6.4% in the 3rd quarter. D.A. Davidson & CO. now owns 28,740 shares of the company's stock valued at $1,269,000 after buying an additional 1,738 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at $453,000. Algert Global LLC acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at $2,029,000. Intech Investment Management LLC acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at $251,000. Finally, Advisors Asset Management Inc. acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at $356,000. Institutional investors and hedge funds own 75.25% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on AMRK shares. StockNews.com lowered A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research note on Friday, November 22nd. DA Davidson decreased 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $46.33.

A-Mark Precious Metals Price Performance

A-Mark Precious Metals stock traded down $1.36 on Friday, reaching $28.75. The company's stock had a trading volume of 529,532 shares, compared to its average volume of 355,468. 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 company has a market cap of $666.54 million, a price-to-earnings ratio of 12.23 and a beta of -0.06. The business's fifty day moving average price is $36.26 and its 200 day moving average price is $36.91. A-Mark Precious Metals, Inc. has a twelve month low of $24.22 and a twelve month high of $47.39.

A-Mark Precious Metals Announces Dividend

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

Insiders Place Their Bets

In other news, Director Jess M. Ravich sold 14,500 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the sale, the director now owns 190,500 shares in the company, valued at $8,702,040. The trade was a 7.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory N. Roberts sold 22,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the sale, the chief executive officer now owns 28,202 shares of the company's stock, valued at approximately $1,281,498.88. The trade was a 43.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,316 shares of company stock valued at $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.