Nations Financial Group Inc. IA ADV Has $2.43 Million Stock Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Nations Financial Group Inc. IA ADV lifted its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 44.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,020 shares of the company's stock after acquiring an additional 16,935 shares during the period. Nations Financial Group Inc. IA ADV owned approximately 0.24% of A-Mark Precious Metals worth $2,430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP increased its stake in A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company's stock worth $36,000 after acquiring an additional 539 shares during the period. nVerses Capital LLC purchased a new stake in shares of A-Mark Precious Metals in the second quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL bought a new position in A-Mark Precious Metals during the third quarter valued at $88,000. Fermata Advisors LLC purchased a new stake in shares of A-Mark Precious Metals during the third quarter worth $232,000. Finally, Private Advisor Group LLC purchased a new stake in shares of A-Mark Precious Metals in the third quarter worth $234,000. 75.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMRK has been the topic of several recent analyst reports. StockNews.com raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th. DA Davidson cut their target price 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, A-Mark Precious Metals has an average rating of "Hold" and an average target price of $46.33.

Insider Activity at A-Mark Precious Metals

In related 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 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. In other news, Director Michael R. Wittmeyer sold 25,841 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,316 shares of company stock worth $4,911,036. Corporate insiders own 48.64% of the company's stock.

A-Mark Precious Metals Stock Down 2.8 %

Shares of NASDAQ AMRK traded down $0.87 during midday trading on Tuesday, reaching $30.44. 380,213 shares of the company's stock traded hands, compared to its average volume of 358,460. A-Mark Precious Metals, Inc. has a one year low of $24.22 and a one year high of $47.39. The stock's 50 day simple moving average is $41.50 and its 200-day simple moving average is $38.17. The company has a quick ratio of 0.39, a current ratio of 1.63 and a debt-to-equity ratio of 0.38. The company has a market cap of $705.29 million, a price-to-earnings ratio of 13.32 and a beta of -0.01.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates of $2.64 billion. On average, analysts predict that A-Mark Precious Metals, Inc. will post 3.54 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals's dividend payout ratio (DPR) is 34.04%.

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.