Quest Partners LLC Purchases 7,483 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Quest Partners LLC raised its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 748,300.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,484 shares of the company’s stock after buying an additional 7,483 shares during the quarter. Quest Partners LLC’s holdings in A-Mark Precious Metals were worth $330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Riverwater Partners LLC lifted its position 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 during the period. Evergreen Capital Management LLC lifted its holdings in shares of A-Mark Precious Metals by 359.3% during the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock valued at $2,657,000 after purchasing an additional 64,221 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of A-Mark Precious Metals by 44.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company’s stock worth $2,430,000 after purchasing an additional 16,935 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of A-Mark Precious Metals in the 2nd quarter worth approximately $5,702,000. Finally, Koss Olinger Consulting LLC bought a new position in A-Mark Precious Metals during the 2nd quarter valued at approximately $535,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Insider Activity

In related news, Director Jess M. Ravich sold 14,500 shares of the company’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 approximately $8,702,040. This represents a 7.07 % 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. Also, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $44.00, for a total value of $190,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,240,888. This represents a 13.28 % decrease in their position. 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 three months. Insiders own 48.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMRK. DA Davidson dropped their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, A-Mark Precious Metals currently has a consensus rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Stock Performance

Shares of AMRK opened at $30.23 on Tuesday. The company has a market cap of $700.73 million, a price-to-earnings ratio of 12.66 and a beta of -0.01. The business’s fifty day simple moving average is $39.03 and its two-hundred day simple moving average is $37.49. A-Mark Precious Metals, Inc. has a 12 month low of $24.22 and a 12 month high of $47.39. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data 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 10.93%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Research analysts anticipate that A-Mark Precious Metals, Inc. will post 3.54 earnings per share 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. The ex-dividend date was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. A-Mark Precious Metals’s dividend payout ratio is presently 34.04%.

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.