Vanguard Group Inc. Raises Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Vanguard Group Inc. grew its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,032,940 shares of the company’s stock after purchasing an additional 6,184 shares during the period. Vanguard Group Inc.’s holdings in A-Mark Precious Metals were worth $30,296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. bought a new stake in A-Mark Precious Metals in the third quarter worth $1,221,000. American Century Companies Inc. raised its stake in shares of A-Mark Precious Metals by 9.8% in the third quarter. American Century Companies Inc. now owns 1,684,735 shares of the company’s stock valued at $49,413,000 after acquiring an additional 150,343 shares during the period. Deutsche Bank AG lifted its holdings in shares of A-Mark Precious Metals by 4.3% in the 3rd quarter. Deutsche Bank AG now owns 28,004 shares of the company’s stock worth $821,000 after acquiring an additional 1,165 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of A-Mark Precious Metals by 12.2% during the 3rd quarter. Royal Bank of Canada now owns 85,772 shares of the company’s stock worth $2,516,000 after purchasing an additional 9,295 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of A-Mark Precious Metals by 15.1% during the 3rd quarter. Sei Investments Co. now owns 186,040 shares of the company’s stock worth $5,457,000 after purchasing an additional 24,386 shares during the period. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Insider Activity

In related news, Director Michael R. Wittmeyer sold 22,383 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total value of $583,300.98. Following the completion of the sale, the director now directly owns 453,283 shares of the company’s stock, valued at $11,812,554.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,383 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total transaction of $583,300.98. Following the sale, the director now owns 453,283 shares of the company’s stock, valued at approximately $11,812,554.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Wittmeyer sold 22,558 shares of A-Mark Precious Metals stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total value of $593,049.82. Following the completion of the transaction, the director now owns 408,225 shares in the company, valued at $10,732,235.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,637 shares of company stock worth $1,396,360. Company insiders own 23.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMRK. DA Davidson increased their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday. B. Riley decreased their price target on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Thursday, April 4th.

A-Mark Precious Metals Trading Up 0.7 %

AMRK stock opened at $40.05 on Friday. A-Mark Precious Metals, Inc. has a 12 month low of $23.14 and a 12 month high of $42.11. The firm’s 50-day moving average is $28.35 and its 200 day moving average is $28.46. The company has a market capitalization of $915.14 million, a PE ratio of 8.88 and a beta of 0.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.32.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Tuesday, February 6th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.25 billion. On average, research analysts anticipate that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio is 17.74%.

A-Mark Precious Metals Company 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.