9,472 Shares in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,472 shares of the company’s stock, valued at approximately $418,000.

A number of other institutional investors have also recently bought and sold shares of AMRK. Quarry LP grew its stake in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares during the period. nVerses Capital LLC acquired a new position in shares of A-Mark Precious Metals during the 2nd quarter worth about $45,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at about $88,000. Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at approximately $226,000. Finally, Fermata Advisors LLC bought a new position in A-Mark Precious Metals during the 3rd quarter worth approximately $232,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AMRK. DA Davidson cut their target price on shares of 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 raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Trading Up 0.8 %

AMRK opened at $28.42 on Monday. The firm’s fifty day simple moving average is $34.67 and its 200 day simple moving average is $36.55. The stock has a market capitalization of $658.78 million, a P/E ratio of 12.09 and a beta of -0.06. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals, Inc. has a 12 month low of $24.22 and a 12 month high of $47.39.

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.81%. A-Mark Precious Metals’s dividend payout ratio is currently 34.04%.

Insider Activity at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 4,320 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,240,888. This represents a 13.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Wittmeyer sold 25,841 shares of the firm’s stock in a transaction that occurred 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 approximately $12,973,927.25. This represents a 8.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,816 shares of company stock valued at $3,248,996. 48.64% of the stock is owned by 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.