A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRKFree Report) by 93.4% during the third quarter, HoldingsChannel reports. The firm owned 1,032 shares of the company’s stock after selling 14,674 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in A-Mark Precious Metals were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in A-Mark Precious Metals during the second quarter worth $37,000. FMR LLC grew its holdings in A-Mark Precious Metals by 67.9% during the third quarter. FMR LLC now owns 1,147 shares of the company’s stock worth $34,000 after acquiring an additional 464 shares during the period. Coppell Advisory Solutions LLC acquired a new position in A-Mark Precious Metals during the second quarter worth $68,000. 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. Finally, Osaic Holdings Inc. grew its holdings in A-Mark Precious Metals by 136.7% during the second quarter. Osaic Holdings Inc. now owns 2,481 shares of the company’s stock worth $93,000 after acquiring an additional 1,433 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.

Insider Activity

In other news, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $713,510.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other A-Mark Precious Metals news, Director Jess M. Ravich bought 20,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of $25.63 per share, for a total transaction of $512,600.00. Following the completion of the transaction, the director now owns 143,668 shares of the company’s stock, valued at approximately $3,682,210.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $713,510.60. The disclosure for this sale can be found here. Insiders have sold 53,637 shares of company stock worth $1,396,360 over the last three months. 23.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMRK has been the topic of a number of recent analyst reports. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Monday, February 12th. B. Riley decreased their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, DA Davidson reiterated a “buy” rating and set a $42.00 target price on shares of A-Mark Precious Metals in a research report on Monday, March 4th.

Read Our Latest Report on AMRK

A-Mark Precious Metals Stock Up 2.1 %

Shares of NASDAQ:AMRK opened at $30.69 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals, Inc. has a 52-week low of $23.14 and a 52-week high of $42.11. The stock’s fifty day simple moving average is $27.29 and its 200-day simple moving average is $28.39. The company has a market capitalization of $701.27 million and a P/E ratio of 6.80.

A-Mark Precious Metals (NASDAQ:AMRKGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.25 billion. As a group, equities research analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 16th were given a $0.20 dividend. The ex-dividend date was Friday, January 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. A-Mark Precious Metals’s dividend payout ratio is currently 17.74%.

About A-Mark Precious Metals

(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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