DekaBank Deutsche Girozentrale Takes Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

DekaBank Deutsche Girozentrale acquired a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,139 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP bought a new position in shares of A-Mark Precious Metals in the second quarter valued at approximately $37,000. FMR LLC lifted its stake in A-Mark Precious Metals by 67.9% during the third quarter. FMR LLC now owns 1,147 shares of the company’s stock valued at $34,000 after purchasing an additional 464 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new stake in A-Mark Precious Metals during the second quarter valued at approximately $68,000. Tower Research Capital LLC TRC lifted its stake 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 valued at $64,000 after purchasing an additional 2,017 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake 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 valued at $93,000 after purchasing an additional 1,433 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors.

Insider Activity at A-Mark Precious Metals

In related news, Director Michael R. Wittmeyer sold 22,558 shares of A-Mark Precious Metals stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total transaction of $593,049.82. Following the completion of the sale, the director now owns 408,225 shares of the company’s stock, valued at $10,732,235.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Michael R. Wittmeyer sold 22,558 shares of A-Mark Precious Metals stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total transaction of $593,049.82. Following the completion of the sale, the director now owns 408,225 shares of the company’s stock, valued at $10,732,235.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction on Thursday, February 29th. The shares were 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 of the company’s stock, valued at approximately $713,510.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,637 shares of company stock valued at $1,396,360. Insiders own 23.20% of the company’s stock.

A-Mark Precious Metals Stock Down 2.0 %

Shares of NASDAQ:AMRK opened at $36.76 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. The company has a market cap of $839.97 million, a PE ratio of 8.15 and a beta of 0.02. A-Mark Precious Metals, Inc. has a 52 week low of $23.14 and a 52 week high of $42.48. The firm has a 50 day simple moving average of $29.53 and a 200 day simple moving average of $28.79.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.25 billion. As a group, research analysts expect that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Tuesday, April 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.18%. A-Mark Precious Metals’s payout ratio is 17.74%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. B. Riley reduced their price target on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, DA Davidson upped their price target on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th.

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.