D.A. Davidson & CO. Sells 300 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Posted by on Apr 30th, 2023

D.A. Davidson & CO. reduced its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,549 shares of the company’s stock after selling 300 shares during the period. D.A. Davidson & CO. owned about 0.07% of A-Mark Precious Metals worth $540,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Keeley Teton Advisors LLC increased its holdings in A-Mark Precious Metals by 3.4% during the 1st quarter. Keeley Teton Advisors LLC now owns 6,000 shares of the company’s stock worth $464,000 after purchasing an additional 200 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in A-Mark Precious Metals by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 27,733 shares of the company’s stock worth $963,000 after purchasing an additional 352 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of A-Mark Precious Metals by 4.0% in the third quarter. Alliancebernstein L.P. now owns 13,100 shares of the company’s stock valued at $372,000 after acquiring an additional 500 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of A-Mark Precious Metals by 9.8% in the fourth quarter. SG Americas Securities LLC now owns 6,224 shares of the company’s stock valued at $216,000 after acquiring an additional 555 shares in the last quarter. Finally, Credit Suisse AG grew its holdings in shares of A-Mark Precious Metals by 4.8% in the third quarter. Credit Suisse AG now owns 12,296 shares of the company’s stock valued at $349,000 after acquiring an additional 568 shares in the last quarter. 50.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on AMRK. StockNews.com began coverage on A-Mark Precious Metals in a report on Thursday, March 16th. They issued a “hold” rating for the company. Northland Securities reduced their target price on A-Mark Precious Metals from $60.00 to $56.00 and set an “outperform” rating for the company in a report on Tuesday, February 7th.

Insider Activity at A-Mark Precious Metals

In related news, President Thor Gjerdrum sold 4,082 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $40.00, for a total value of $163,280.00. Following the transaction, the president now owns 31,770 shares in the company, valued at $1,270,800. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other A-Mark Precious Metals news, President Thor Gjerdrum sold 4,082 shares of the stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $40.00, for a total transaction of $163,280.00. Following the sale, the president now owns 31,770 shares in the company, valued at $1,270,800. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Carol Meltzer sold 1,000 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $28.25, for a total value of $28,250.00. Following the sale, the executive vice president now owns 22,000 shares in the company, valued at approximately $621,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,120 shares of company stock worth $799,741. Insiders own 23.50% of the company’s stock.

A-Mark Precious Metals Trading Up 0.9 %

A-Mark Precious Metals stock opened at $35.80 on Friday. A-Mark Precious Metals, Inc. has a 12 month low of $23.71 and a 12 month high of $40.93. The business’s 50 day simple moving average is $32.53 and its 200 day simple moving average is $33.16. The company has a market cap of $842.37 million, a price-to-earnings ratio of 5.75 and a beta of -0.06.

A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) last posted its quarterly earnings data on Monday, February 6th. The company reported $1.88 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.34). A-Mark Precious Metals had a net margin of 1.90% and a return on equity of 40.25%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. As a group, equities research analysts forecast that A-Mark Precious Metals, Inc. will post 8.05 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Monday, April 17th were paid a $0.20 dividend. The ex-dividend date was Friday, April 14th. This represents a $0.80 annualized dividend and a yield of 2.23%. A-Mark Precious Metals’s payout ratio is 12.84%.

A-Mark Precious Metals Company Profile

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A-Mark Precious Metals, Inc engages in the trading of precious metals. It operates through the following segments: Wholesale Trading and Ancillary Services, Secured Lending, and Direct-to-Consumer. The Wholesale Trading and Ancillary Services segment offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grain, ingots, and coins.

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Institutional Ownership by Quarter for A-Mark Precious Metals (NASDAQ:AMRK)

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