Riverwater Partners LLC Acquires 35,545 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Riverwater Partners LLC lifted its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 385.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,774 shares of the company's stock after acquiring an additional 35,545 shares during the quarter. A-Mark Precious Metals makes up 1.0% of Riverwater Partners LLC's portfolio, making the stock its 24th biggest position. Riverwater Partners LLC owned 0.20% of A-Mark Precious Metals worth $2,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in shares of A-Mark Precious Metals by 34.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company's stock worth $6,172,000 after acquiring an additional 51,531 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of A-Mark Precious Metals by 99.6% in the 1st quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company's stock worth $1,047,000 after buying an additional 17,023 shares during the last quarter. Pullen Investment Management LLC bought a new position in A-Mark Precious Metals during the 1st quarter valued at approximately $694,000. GSA Capital Partners LLP purchased a new position in A-Mark Precious Metals during the first quarter valued at $712,000. Finally, Quantbot Technologies LP boosted its holdings in A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company's stock worth $228,000 after acquiring an additional 4,895 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company's stock.

Insider Buying and Selling

In other A-Mark Precious Metals 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 value of $190,080.00. Following the transaction, the chief executive officer now owns 28,202 shares of the company's stock, valued at approximately $1,240,888. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gregory N. Roberts sold 22,000 shares of the business's 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 owns 28,202 shares of the company's stock, valued at $1,281,498.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory N. Roberts sold 4,320 shares of the company's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $44.00, for a total value of $190,080.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company's stock, valued at $1,240,888. This trade represents 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 valued at $4,911,036 over the last 90 days. Company insiders own 23.20% of the company's stock.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK traded up $0.01 during mid-day trading on Thursday, reaching $39.54. The company's stock had a trading volume of 242,465 shares, compared to its average volume of 356,144. The firm's fifty day moving average price is $41.52 and its two-hundred day moving average price is $38.31. 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 has a market cap of $903.69 million, a P/E ratio of 12.13 and a beta of -0.04. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings data 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). A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. The company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.64 billion. On average, equities analysts forecast that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.02%. A-Mark Precious Metals's dividend payout ratio (DPR) is currently 24.54%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMRK. StockNews.com lowered A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research report on Wednesday, October 2nd. DA Davidson increased their price target on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the company a "buy" rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, A-Mark Precious Metals currently has an average rating of "Hold" and a consensus target price of $49.33.

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.