CWA Asset Management Group LLC Purchases New Position in A-Mark Precious Metals, Inc. $AMRK

CWA Asset Management Group LLC purchased a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 50,554 shares of the company’s stock, valued at approximately $1,308,000. CWA Asset Management Group LLC owned approximately 0.21% of A-Mark Precious Metals as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of A-Mark Precious Metals by 16.6% in the second quarter. American Century Companies Inc. now owns 1,461,989 shares of the company’s stock valued at $32,427,000 after acquiring an additional 208,300 shares during the last quarter. CenterBook Partners LP bought a new position in A-Mark Precious Metals in the 2nd quarter valued at $3,150,000. Ameriprise Financial Inc. raised its position in A-Mark Precious Metals by 64.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 313,515 shares of the company’s stock valued at $6,954,000 after purchasing an additional 122,930 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in A-Mark Precious Metals by 106.4% in the second quarter. Qube Research & Technologies Ltd now owns 204,487 shares of the company’s stock worth $4,536,000 after purchasing an additional 105,435 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of A-Mark Precious Metals by 254.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 132,674 shares of the company’s stock worth $2,943,000 after purchasing an additional 95,291 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Up 2.4%

Shares of NASDAQ:AMRK opened at $29.41 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 0.58. The stock has a market cap of $724.66 million, a price-to-earnings ratio of 105.02 and a beta of 0.35. The company has a 50 day moving average of $27.91 and a 200-day moving average of $25.56. A-Mark Precious Metals, Inc. has a one year low of $19.39 and a one year high of $30.50.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.20 earnings per share 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 analyst estimates 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 year.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Wednesday, November 19th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, November 19th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 285.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMRK shares. Roth Capital raised A-Mark Precious Metals to a “strong-buy” rating in a report on Wednesday, September 10th. DA Davidson set a $34.00 target price on shares of A-Mark Precious Metals in a research note on Monday, November 17th. Zacks Research lowered shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of A-Mark Precious Metals in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, A-Mark Precious Metals presently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Insider Activity at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $26.37, for a total value of $527,400.00. Following the completion of the sale, the chief executive officer owned 28,202 shares in the company, valued at approximately $743,686.74. This represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 127,883 shares of company stock worth $3,306,235 over the last ninety days. 23.10% of the stock is owned by insiders.

A-Mark Precious Metals Profile

A-Mark Precious Metals, Inc is a leading distributor and wholesaler of precious metal products, specializing in fine gold, silver, platinum and palladium bullion and coins. The company sources, buys, and sells physical precious metals to a diverse customer base that includes refiners, fabricators, financial institutions, and retail dealers. Leveraging a robust network of suppliers and market-making capabilities, A-Mark provides timely and reliable access to bullion bars, rounds and government-minted coins in various weights and purities.

In addition to its distribution business, A-Mark offers integrated logistics and inventory management services designed to support clients’ operational needs.