A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Holdings Raised by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 123.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,100 shares of the company’s stock after acquiring an additional 51,460 shares during the period. B. Riley Wealth Advisors Inc. owned 0.41% of A-Mark Precious Metals worth $3,014,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. SummerHaven Investment Management LLC grew its stake in A-Mark Precious Metals by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company’s stock valued at $614,000 after purchasing an additional 391 shares in the last quarter. Quarry LP lifted its holdings 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 valued at $36,000 after buying an additional 539 shares during the last quarter. Riverwater Partners LLC grew its stake in shares of A-Mark Precious Metals by 10.6% in the 2nd quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock valued at $299,000 after buying an additional 881 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in A-Mark Precious Metals by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company’s stock worth $1,178,000 after buying an additional 1,222 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in A-Mark Precious Metals during the second quarter valued at approximately $45,000. 75.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on AMRK shares. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday. DA Davidson upped their price objective on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.33.

Insider Transactions at A-Mark Precious Metals

In other news, Director Jess M. Ravich sold 14,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the sale, the director now owns 190,500 shares in the company, valued at $8,702,040. The sale was disclosed in a filing with the SEC, 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 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 owns 28,202 shares of the company’s stock, valued at approximately $1,240,888. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jess M. Ravich sold 14,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the sale, the director now owns 190,500 shares of the company’s stock, valued at approximately $8,702,040. The disclosure for this sale can be found here. Insiders sold a total of 110,316 shares of company stock worth $4,911,036 over the last three months. 23.20% of the stock is currently owned by insiders.

A-Mark Precious Metals Price Performance

NASDAQ AMRK opened at $44.43 on Wednesday. A-Mark Precious Metals, Inc. has a 1 year low of $23.14 and a 1 year high of $47.39. The company has a fifty day simple moving average of $39.24 and a 200 day simple moving average of $36.83. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.02 billion, a P/E ratio of 13.63 and a beta of -0.05.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. On average, sell-side analysts predict that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.80%. The ex-dividend date is Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

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.