11,726 Shares in A-Mark Precious Metals, Inc. $AMRK Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. acquired a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,726 shares of the company’s stock, valued at approximately $260,000.

A number of other hedge funds also recently made changes to their positions in AMRK. Invenomic Capital Management LP purchased a new position in shares of A-Mark Precious Metals in the first quarter valued at $8,552,000. Invesco Ltd. lifted its holdings in A-Mark Precious Metals by 120.5% in the 1st quarter. Invesco Ltd. now owns 524,342 shares of the company’s stock worth $13,303,000 after buying an additional 286,512 shares in the last quarter. Nuveen LLC purchased a new position in A-Mark Precious Metals in the 1st quarter valued at about $6,350,000. Raymond James Financial Inc. grew its stake in shares of A-Mark Precious Metals by 2,692.0% during the first quarter. Raymond James Financial Inc. now owns 241,177 shares of the company’s stock valued at $6,119,000 after acquiring an additional 232,539 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of A-Mark Precious Metals by 12.4% during the first quarter. Vanguard Group Inc. now owns 1,152,737 shares of the company’s stock valued at $29,245,000 after acquiring an additional 127,072 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Up 5.0%

Shares of A-Mark Precious Metals stock opened at $28.64 on Friday. The business has a 50-day moving average price of $26.66 and a 200 day moving average price of $23.92. A-Mark Precious Metals, Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $31.07. The firm has a market cap of $705.57 million, a P/E ratio of 102.27 and a beta of 0.34. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Friday, November 7th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.66). A-Mark Precious Metals had a return on equity of 6.25% and a net margin of 0.06%.The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, sell-side analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 19th. This represents a $0.80 annualized dividend and a yield of 2.8%. A-Mark Precious Metals’s payout ratio is presently 285.71%.

Analyst Ratings Changes

AMRK has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of A-Mark Precious Metals in a report on Monday. Zacks Research lowered A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. DA Davidson set a $34.00 target price on A-Mark Precious Metals in a research note on Monday, November 17th. Finally, Roth Capital raised shares of A-Mark Precious Metals to a “strong-buy” rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, A-Mark Precious Metals has an average rating of “Moderate Buy” and an average target price of $34.67.

Insiders Place Their Bets

In related news, Director Moorhead John sold 2,600 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $26.97, for a total transaction of $70,122.00. Following the sale, the director owned 32,974 shares in the company, valued at $889,308.78. This represents a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory N. Roberts sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $26.37, for a total transaction of $527,400.00. Following the completion of the transaction, the chief executive officer directly owned 28,202 shares in the company, valued at $743,686.74. This represents a 41.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,483 shares of company stock worth $3,376,357 over the last three months. 23.10% of the stock is owned by corporate insiders.

A-Mark Precious Metals 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.