A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Position Trimmed by Yacktman Asset Management LP

Yacktman Asset Management LP trimmed its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 54.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,500 shares of the company's stock after selling 13,500 shares during the period. Yacktman Asset Management LP owned 0.05% of A-Mark Precious Metals worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position in A-Mark Precious Metals by 99.6% during the 1st quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company's stock worth $1,047,000 after purchasing an additional 17,023 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in A-Mark Precious Metals during the first quarter worth $712,000. Riverwater Partners LLC increased its holdings in A-Mark Precious Metals by 385.1% during the 3rd quarter. Riverwater Partners LLC now owns 44,774 shares of the company's stock valued at $2,001,000 after acquiring an additional 35,545 shares in the last quarter. Evergreen Capital Management LLC increased its stake in shares of A-Mark Precious Metals by 359.3% during 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 in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of A-Mark Precious Metals in the second quarter worth $5,702,000. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Down 0.6 %

Shares of NASDAQ AMRK traded down $0.21 during midday trading on Tuesday, reaching $37.64. 198,107 shares of the company's stock were exchanged, compared to its average volume of 350,405. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 1.63. A-Mark Precious Metals, Inc. has a 52-week low of $23.14 and a 52-week high of $47.39. The business's fifty day moving average price is $41.83 and its two-hundred day moving average price is $38.31. The stock has a market capitalization of $872.08 million, a PE ratio of 13.76 and a beta of -0.01.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. Analysts forecast that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were paid a $0.20 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.13%. A-Mark Precious Metals's payout ratio is currently 29.09%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com downgraded shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research note on Wednesday, October 2nd. DA Davidson increased their target price on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $49.33.

Insider Buying and Selling

In related news, CEO Gregory N. Roberts sold 22,000 shares of the firm's stock in a transaction that occurred 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 directly owns 28,202 shares in the company, valued at $1,281,498.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Jess M. Ravich sold 14,500 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the transaction, the director now owns 190,500 shares in the company, valued at approximately $8,702,040. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,281,498.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,316 shares of company stock worth $4,911,036 in the last three months. 48.64% of the stock is owned by 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.