Verition Fund Management LLC Lowers Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Verition Fund Management LLC decreased its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 69.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,253 shares of the company's stock after selling 20,692 shares during the quarter. Verition Fund Management LLC's holdings in A-Mark Precious Metals were worth $409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMRK. Quarry LP grew its stake in shares of 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 purchasing an additional 539 shares during the period. nVerses Capital LLC acquired a new position in shares of A-Mark Precious Metals in the second quarter worth about $45,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth about $88,000. Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals during the 3rd quarter valued at about $226,000. Finally, Fermata Advisors LLC purchased a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at about $232,000. Institutional investors and hedge funds own 75.25% of the company's stock.

Insider Buying and Selling

In other A-Mark Precious Metals news, 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 transaction, the chief executive officer now owns 28,202 shares of the company's stock, valued at $1,281,498.88. The trade was a 43.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Wittmeyer sold 10,975 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the completion of the sale, the director now directly owns 292,535 shares of the company's stock, valued at $12,666,765.50. The trade was a 3.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,316 shares of company stock worth $4,911,036 in the last ninety days. 48.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMRK has been the topic of several research analyst reports. StockNews.com upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Monday. DA Davidson reduced their price target on shares of 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, A-Mark Precious Metals currently has a consensus rating of "Hold" and an average price target of $46.33.

A-Mark Precious Metals Stock Up 0.8 %

AMRK traded up $0.23 on Friday, reaching $28.42. The company's stock had a trading volume of 319,695 shares, compared to its average volume of 350,008. The company has a market capitalization of $658.78 million, a price-to-earnings ratio of 12.09 and a beta of -0.06. A-Mark Precious Metals, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $47.39. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $34.98 and a two-hundred day moving average of $36.64.

A-Mark Precious Metals Announces Dividend

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 $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. 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.