Strategic Investment Solutions Inc. IL Buys New Stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Strategic Investment Solutions Inc. IL bought a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $88,000.

Other institutional investors also recently bought and sold shares of the company. Driehaus Capital Management LLC purchased a new position in shares of A-Mark Precious Metals in the 2nd quarter worth $5,702,000. Evergreen Capital Management LLC grew its stake in shares of A-Mark Precious Metals by 359.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after buying an additional 64,221 shares in the last quarter. CMC Financial Group purchased a new position in shares of A-Mark Precious Metals in the 2nd quarter worth $1,812,000. Allspring Global Investments Holdings LLC grew its stake in shares of A-Mark Precious Metals by 34.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock worth $6,172,000 after buying an additional 51,531 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of A-Mark Precious Metals by 123.6% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock worth $3,014,000 after buying an additional 51,460 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 4,320 shares of A-Mark Precious Metals stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $44.00, for a total transaction of $190,080.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,240,888. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Jess M. Ravich sold 14,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the sale, the director now owns 190,500 shares in the company, valued at approximately $8,702,040. The trade was a 0.00 % 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 4,320 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $44.00, for a total transaction of $190,080.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,240,888. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,316 shares of company stock worth $4,911,036 in the last 90 days. 23.20% of the stock is owned by corporate insiders.

A-Mark Precious Metals Trading Up 0.9 %

Shares of AMRK stock traded up $0.37 during trading hours on Friday, reaching $39.91. 15,428 shares of the stock were exchanged, compared to its average volume of 354,498. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $47.39. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $41.52 and its 200-day moving average price is $38.31. The firm has a market capitalization of $912.14 million, a price-to-earnings ratio of 12.13 and a beta of -0.04.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.64 billion. As a group, equities analysts anticipate that A-Mark Precious Metals, Inc. will post 4.29 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.00%. A-Mark Precious Metals’s payout ratio is 24.54%.

Analyst Ratings Changes

AMRK has been the subject of a number of recent research reports. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. DA Davidson lifted their price target on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $49.33.

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.