D.A. Davidson & CO. Acquires 1,738 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

D.A. Davidson & CO. grew its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 6.4% during the third quarter, Holdings Channel reports. The firm owned 28,740 shares of the company’s stock after purchasing an additional 1,738 shares during the period. D.A. Davidson & CO.’s holdings in A-Mark Precious Metals were worth $1,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AMRK. CWA Asset Management Group LLC acquired a new position in A-Mark Precious Metals during the third quarter worth $11,741,000. Driehaus Capital Management LLC bought a new stake in shares of A-Mark Precious Metals during the 2nd quarter worth about $5,702,000. Evergreen Capital Management LLC increased its holdings 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 valued at $2,657,000 after acquiring an additional 64,221 shares during the last quarter. CMC Financial Group bought a new position in shares of A-Mark Precious Metals in the 2nd quarter valued at approximately $1,812,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in A-Mark Precious Metals by 123.6% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock worth $3,014,000 after purchasing an additional 51,460 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ AMRK opened at $30.30 on Monday. 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 quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The company has a market cap of $702.35 million, a P/E ratio of 12.89 and a beta of -0.01. The business’s 50 day moving average is $37.68 and its two-hundred day moving average is $37.20.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.64 billion. On average, equities analysts expect that A-Mark Precious Metals, Inc. will post 3.54 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals’s payout ratio is presently 34.04%.

Insider Buying and Selling

In other news, CEO Gregory N. Roberts sold 4,320 shares of A-Mark Precious Metals stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $44.00, for a total transaction of $190,080.00. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,240,888. This trade represents a 13.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael R. Wittmeyer sold 25,841 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $1,146,048.35. Following the completion of the transaction, the director now owns 292,535 shares of the company’s stock, valued at $12,973,927.25. The trade was a 8.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,316 shares of company stock valued at $4,911,036 over the last three months. 48.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. DA Davidson lowered their price target 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, November 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, A-Mark Precious Metals has a consensus rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals 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.