Allspring Global Investments Holdings LLC Decreases Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Allspring Global Investments Holdings LLC lessened its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRKFree Report) by 96.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,080 shares of the company’s stock after selling 164,646 shares during the period. Allspring Global Investments Holdings LLC’s holdings in A-Mark Precious Metals were worth $228,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AMRK. Nisa Investment Advisors LLC increased its holdings in shares of A-Mark Precious Metals by 125.5% in the first quarter. Nisa Investment Advisors LLC now owns 1,078 shares of the company’s stock valued at $37,000 after purchasing an additional 600 shares during the period. Tower Research Capital LLC TRC grew its holdings in A-Mark Precious Metals by 836.9% during the third quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock worth $64,000 after acquiring an additional 2,017 shares during the period. Fortis Capital Advisors LLC purchased a new position in A-Mark Precious Metals during the fourth quarter valued at approximately $87,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in A-Mark Precious Metals by 290.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,080 shares of the company’s stock valued at $99,000 after acquiring an additional 2,291 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in A-Mark Precious Metals in the second quarter valued at approximately $124,000. 54.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. B. Riley dropped their price target on shares of A-Mark Precious Metals from $54.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, September 25th. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Friday. Finally, DA Davidson raised their price objective on A-Mark Precious Metals from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, September 1st.

Read Our Latest Report on AMRK

Insider Buying and Selling at A-Mark Precious Metals

In related news, COO Brian Aquilino sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $34.57, for a total value of $2,074,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Beverley Lepine sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $34.46, for a total transaction of $34,460.00. Following the sale, the director now owns 8,803 shares of the company’s stock, valued at approximately $303,351.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brian Aquilino sold 60,000 shares of A-Mark Precious Metals stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $34.57, for a total value of $2,074,200.00. The disclosure for this sale can be found here. 23.20% of the stock is currently owned by corporate insiders.

A-Mark Precious Metals Stock Up 1.0 %

A-Mark Precious Metals stock opened at $24.56 on Monday. The stock has a 50-day simple moving average of $29.96 and a 200-day simple moving average of $34.52. The company has a market capitalization of $570.06 million, a P/E ratio of 4.64 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.31 and a current ratio of 1.84. A-Mark Precious Metals, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $42.11.

A-Mark Precious Metals (NASDAQ:AMRKGet Free Report) last posted its quarterly earnings data on Thursday, August 31st. The company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.47. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $2.26 billion. A-Mark Precious Metals had a return on equity of 31.77% and a net margin of 1.31%. During the same period in the prior year, the company earned $2.06 earnings per share. Equities research analysts expect that A-Mark Precious Metals, Inc. will post 6.52 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Friday, October 6th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 15.12%.

A-Mark Precious Metals Company Profile

(Free Report)

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.

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

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