A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 18.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,995 shares of the company’s stock after selling 35,513 shares during the quarter. Sei Investments Co. owned 0.70% of A-Mark Precious Metals worth $5,147,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its position in shares of A-Mark Precious Metals by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company’s stock worth $1,178,000 after acquiring an additional 1,222 shares during the period. Koss Olinger Consulting LLC acquired a new position in A-Mark Precious Metals during the 2nd quarter worth $535,000. nVerses Capital LLC purchased a new stake in A-Mark Precious Metals during the 2nd quarter worth about $45,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in A-Mark Precious Metals in the 2nd quarter valued at about $363,000. Finally, TrueMark Investments LLC purchased a new position in shares of A-Mark Precious Metals in the 2nd quarter valued at about $450,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. DA Davidson upped their target price on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, A-Mark Precious Metals presently has a consensus rating of “Hold” and an average target price of $49.33.

Insider Buying and Selling

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 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 $43.30, for a total transaction of $475,217.50. Following the transaction, the director now owns 292,535 shares of the company’s stock, valued at $12,666,765.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. 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. 23.20% of the stock is owned by corporate insiders.

A-Mark Precious Metals Trading Up 0.6 %

AMRK opened at $44.43 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 1.63. A-Mark Precious Metals, Inc. has a one year low of $23.14 and a one year high of $47.39. The company has a market cap of $1.02 billion, a P/E ratio of 13.63 and a beta of -0.05. The business’s 50-day simple moving average is $39.24 and its 200-day simple moving average is $36.83.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results 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 0.68% and a return on equity of 13.28%. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. As a group, equities research analysts expect that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.80 annualized dividend and a yield of 1.80%. 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.