A-Mark Precious Metals, Inc. $AMRK Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 462,582 shares of the company’s stock after acquiring an additional 27,551 shares during the period. Geode Capital Management LLC’s holdings in A-Mark Precious Metals were worth $10,262,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in A-Mark Precious Metals by 118.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company’s stock valued at $29,000 after purchasing an additional 711 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of A-Mark Precious Metals by 55.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,522 shares of the company’s stock valued at $78,000 after buying an additional 1,255 shares in the last quarter. AlphaQuest LLC grew its position in shares of A-Mark Precious Metals by 556,900.0% in the 1st quarter. AlphaQuest LLC now owns 5,570 shares of the company’s stock valued at $141,000 after buying an additional 5,569 shares during the last quarter. 180 Wealth Advisors LLC acquired a new stake in A-Mark Precious Metals during the 2nd quarter worth $202,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in A-Mark Precious Metals by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,531 shares of the company’s stock valued at $267,000 after acquiring an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK opened at $29.41 on Thursday. 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 firm has a market cap of $724.66 million, a price-to-earnings ratio of 105.02 and a beta of 0.35. The firm’s fifty day moving average price is $26.81 and its 200 day moving average price is $24.09. A-Mark Precious Metals, Inc. has a 1-year low of $19.39 and a 1-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 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.66). The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $2.67 billion. A-Mark Precious Metals had a return on equity of 6.25% and a net margin of 0.06%. On average, sell-side analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Wednesday, November 19th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, November 19th. A-Mark Precious Metals’s payout ratio is currently 285.71%.

Insider Activity at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 21,000 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $26.19, for a total transaction of $549,990.00. Following the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at $738,610.38. This represents a 42.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Moorhead John sold 2,600 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $26.97, for a total value of $70,122.00. Following the completion of the transaction, the director owned 32,974 shares of the company’s stock, valued at $889,308.78. The trade was a 7.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,483 shares of company stock worth $3,376,357 in the last quarter. 23.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.