Dark Forest Capital Management LP Invests $414,000 in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Dark Forest Capital Management LP acquired a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the second quarter, Holdings Channel reports. The firm acquired 12,775 shares of the company’s stock, valued at approximately $414,000.

A number of other institutional investors also recently added to or reduced their stakes in AMRK. nVerses Capital LLC purchased a new position in A-Mark Precious Metals in the second quarter worth $45,000. Capstone Investment Advisors LLC purchased a new position in A-Mark Precious Metals during the 4th quarter worth $220,000. Quantbot Technologies LP increased its position in A-Mark Precious Metals by 192.5% during the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after buying an additional 4,895 shares in the last quarter. Riverwater Partners LLC raised its stake in A-Mark Precious Metals by 10.6% in the second quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock valued at $299,000 after buying an additional 881 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in A-Mark Precious Metals in the second quarter worth about $349,000. Institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Price Performance

Shares of NASDAQ:AMRK opened at $44.99 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. A-Mark Precious Metals, Inc. has a twelve month low of $23.14 and a twelve month high of $47.39. The company’s 50 day moving average is $39.10 and its 200 day moving average is $36.60. The company has a market cap of $1.03 billion, a PE ratio of 13.80 and a beta of -0.05.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results 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). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. On average, sell-side analysts forecast that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. A-Mark Precious Metals’s payout ratio is 24.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMRK. DA Davidson upped their price objective on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, September 5th. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $47.67.

Insider Buying and Selling

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 4,320 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was 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 of the company’s stock, valued at $1,240,888. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 4,320 shares of the company’s 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 owns 28,202 shares in the company, valued at $1,240,888. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Wittmeyer sold 10,975 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the sale, the director now owns 292,535 shares in the company, valued at $12,666,765.50. 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 ninety days. Company insiders own 23.20% of the company’s stock.

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.