A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock Holdings Boosted by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,740 shares of the company’s stock after purchasing an additional 1,738 shares during the quarter. D.A. Davidson & CO. owned about 0.12% of A-Mark Precious Metals worth $1,269,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMRK. Quarry LP grew its stake in shares of A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares in the last quarter. nVerses Capital LLC acquired a new stake in A-Mark Precious Metals in the second quarter worth about $45,000. Strategic Investment Solutions Inc. IL bought a new position in A-Mark Precious Metals in the 3rd quarter valued at about $88,000. Victory Capital Management Inc. acquired a new position in A-Mark Precious Metals during the 3rd quarter valued at about $226,000. Finally, Fermata Advisors LLC bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth about $232,000. 75.25% of the stock is currently owned by institutional investors.

A-Mark Precious Metals Price Performance

Shares of NASDAQ:AMRK opened at $30.30 on Monday. The company has a market capitalization of $702.35 million, a PE ratio of 12.89 and a beta of -0.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The stock has a fifty day moving average of $37.68 and a 200-day moving average of $37.20. A-Mark Precious Metals, Inc. has a one year low of $24.22 and a one year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its 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 0.57% and a return on equity of 10.93%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. As a group, equities analysts anticipate that A-Mark Precious Metals, Inc. will post 3.54 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on AMRK. DA Davidson decreased their price target on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. One equities research 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’s stock. Based on data from MarketBeat, A-Mark Precious Metals currently has an average rating of “Hold” and an average target price of $46.33.

Insiders Place Their Bets

In other news, Director Michael R. Wittmeyer sold 10,975 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $43.30, for a total value of $475,217.50. Following the completion of the sale, the director now owns 292,535 shares in the company, valued at $12,666,765.50. This represents a 3.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals 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 transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. This represents a 43.82 % decrease in their position. 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 ninety days. 48.64% of the stock is currently owned by company insiders.

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.