CWA Asset Management Group LLC Purchases New Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

CWA Asset Management Group LLC purchased a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the third quarter, HoldingsChannel.com reports. The firm purchased 265,869 shares of the company’s stock, valued at approximately $11,741,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AMRK. Driehaus Capital Management LLC acquired a new position in shares of A-Mark Precious Metals during the 2nd quarter worth approximately $5,702,000. Evergreen Capital Management LLC grew its position in shares of A-Mark Precious Metals by 359.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after purchasing an additional 64,221 shares in the last quarter. CMC Financial Group acquired a new position in shares of A-Mark Precious Metals during the 2nd quarter worth approximately $1,812,000. B. Riley Wealth Advisors Inc. grew its position in shares of A-Mark Precious Metals by 123.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock worth $3,014,000 after purchasing an additional 51,460 shares in the last quarter. Finally, Empyrean Capital Partners LP acquired a new position in shares of A-Mark Precious Metals during the 2nd quarter worth approximately $1,618,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Tuesday. DA Davidson dropped their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, A-Mark Precious Metals has a consensus rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Trading Down 0.0 %

Shares of NASDAQ AMRK opened at $31.58 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 1.63. A-Mark Precious Metals, Inc. has a 52-week low of $24.22 and a 52-week high of $47.39. The firm has a 50 day moving average price of $41.65 and a two-hundred day moving average price of $38.21. The stock has a market cap of $731.71 million, a P/E ratio of 11.48 and a beta of -0.01.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.64 billion. As a group, equities analysts forecast that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals’s payout ratio is 29.09%.

Insiders Place Their Bets

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 25,841 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $1,146,048.35. Following the completion of the sale, the director now directly owns 292,535 shares in the company, valued at approximately $12,973,927.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 25,841 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $1,146,048.35. Following the transaction, the director now directly owns 292,535 shares of the company’s stock, valued at approximately $12,973,927.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jess M. Ravich sold 14,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the transaction, the director now directly owns 190,500 shares in the company, valued at $8,702,040. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,316 shares of company stock worth $4,911,036. 48.64% of the stock is currently owned by company 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.