A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Shares Acquired by Shell Asset Management Co.

Shell Asset Management Co. grew its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRKGet Rating) by 546.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,760 shares of the company’s stock after purchasing an additional 7,404 shares during the quarter. Shell Asset Management Co.’s holdings in A-Mark Precious Metals were worth $283,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Keeley Teton Advisors LLC boosted its position in A-Mark Precious Metals by 3.4% during the first quarter. Keeley Teton Advisors LLC now owns 6,000 shares of the company’s stock worth $464,000 after acquiring an additional 200 shares during the last quarter. EAM Investors LLC boosted its position in A-Mark Precious Metals by 0.7% during the first quarter. EAM Investors LLC now owns 34,681 shares of the company’s stock worth $2,682,000 after acquiring an additional 241 shares during the last quarter. Dorsey Wright & Associates boosted its position in A-Mark Precious Metals by 88.7% during the second quarter. Dorsey Wright & Associates now owns 1,200 shares of the company’s stock worth $39,000 after acquiring an additional 564 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in A-Mark Precious Metals during the first quarter worth approximately $62,000. Finally, New York State Common Retirement Fund boosted its position in A-Mark Precious Metals by 15.5% during the first quarter. New York State Common Retirement Fund now owns 6,779 shares of the company’s stock worth $524,000 after acquiring an additional 908 shares during the last quarter. 59.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Beverley Lepine sold 1,000 shares of the firm’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $32.04, for a total value of $32,040.00. Following the transaction, the director now owns 9,190 shares of the company’s stock, valued at approximately $294,447.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Beverley Lepine sold 1,000 shares of A-Mark Precious Metals stock in a transaction on Friday, November 11th. The shares were sold at an average price of $32.04, for a total transaction of $32,040.00. Following the sale, the director now owns 9,190 shares of the company’s stock, valued at approximately $294,447.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory N. Roberts sold 15,000 shares of A-Mark Precious Metals stock in a transaction on Monday, November 14th. The stock was sold at an average price of $32.48, for a total transaction of $487,200.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $916,000.96. The disclosure for this sale can be found here. Insiders own 23.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMRK. StockNews.com raised shares of A-Mark Precious Metals from a “hold” rating to a “buy” rating in a research note on Friday, November 11th. DA Davidson increased their price target on shares of A-Mark Precious Metals from $52.00 to $57.00 in a research note on Thursday, September 22nd.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK opened at $31.97 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.59 and a debt-to-equity ratio of 0.19. The company has a market cap of $749.79 million, a P/E ratio of 5.17 and a beta of -0.20. A-Mark Precious Metals, Inc. has a fifty-two week low of $23.71 and a fifty-two week high of $44.60. The firm’s 50 day moving average is $28.64 and its two-hundred day moving average is $31.29.

A-Mark Precious Metals (NASDAQ:AMRKGet Rating) last issued its earnings results on Tuesday, August 30th. The company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.65. A-Mark Precious Metals had a net margin of 1.88% and a return on equity of 40.01%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Analysts expect that A-Mark Precious Metals, Inc. will post 6.59 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, September 26th. Stockholders of record on Monday, September 12th were paid a $1.00 dividend. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, September 9th. A-Mark Precious Metals’s dividend payout ratio is presently 12.93%.

About A-Mark Precious Metals

(Get Rating)

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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.

Further Reading

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Institutional Ownership by Quarter for A-Mark Precious Metals (NASDAQ:AMRK)

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