A-Mark Precious Metals, Inc. $AMRK Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 16.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,461,989 shares of the company’s stock after purchasing an additional 208,300 shares during the quarter. American Century Companies Inc. owned approximately 5.94% of A-Mark Precious Metals worth $32,427,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Invenomic Capital Management LP purchased a new stake in A-Mark Precious Metals in the first quarter valued at approximately $8,552,000. Invesco Ltd. increased its holdings in shares of A-Mark Precious Metals by 120.5% in the 1st quarter. Invesco Ltd. now owns 524,342 shares of the company’s stock valued at $13,303,000 after acquiring an additional 286,512 shares during the period. Nuveen LLC purchased a new stake in A-Mark Precious Metals in the 1st quarter valued at $6,350,000. Raymond James Financial Inc. raised its position in A-Mark Precious Metals by 2,692.0% in the 1st quarter. Raymond James Financial Inc. now owns 241,177 shares of the company’s stock valued at $6,119,000 after purchasing an additional 232,539 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in A-Mark Precious Metals during the 2nd quarter worth $3,150,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

Insiders Place Their Bets

In related news, Director Moorhead John sold 2,600 shares of A-Mark Precious Metals stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $26.97, for a total transaction of $70,122.00. Following the completion of the sale, the director owned 32,974 shares in the company, valued at approximately $889,308.78. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 21,000 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $26.19, for a total transaction of $549,990.00. Following the completion of the transaction, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $738,610.38. The trade was a 42.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 130,483 shares of company stock valued at $3,376,357. Insiders own 23.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. DA Davidson set a $34.00 price objective on shares of A-Mark Precious Metals in a research note on Monday, November 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of A-Mark Precious Metals in a report on Monday, November 24th. Zacks Research downgraded A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Roth Capital raised A-Mark Precious Metals to a “strong-buy” rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.67.

A-Mark Precious Metals Price Performance

AMRK stock opened at $28.64 on Friday. The firm has a 50 day moving average of $26.66 and a 200-day moving average of $23.93. The company has a market cap of $705.57 million, a price-to-earnings ratio of 102.27 and a beta of 0.34. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.42. A-Mark Precious Metals, Inc. has a 12-month low of $19.39 and a 12-month high of $31.07.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.66). A-Mark Precious Metals had a net margin of 0.06% and a return on equity of 6.25%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $2.67 billion. As a group, equities analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

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

About A-Mark Precious Metals

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.