Strategic Investment Solutions Inc. IL Invests $88,000 in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Strategic Investment Solutions Inc. IL purchased a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $88,000.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP grew its holdings in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after buying an additional 539 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of A-Mark Precious Metals during the second quarter valued at approximately $45,000. Fermata Advisors LLC purchased a new stake in shares of A-Mark Precious Metals during the third quarter valued at approximately $232,000. Private Advisor Group LLC purchased a new stake in shares of A-Mark Precious Metals during the third quarter valued at approximately $234,000. Finally, SG Americas Securities LLC grew its holdings in shares of A-Mark Precious Metals by 54.1% during the third quarter. SG Americas Securities LLC now owns 6,562 shares of the company’s stock valued at $290,000 after buying an additional 2,305 shares during the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the transaction, the director now directly owns 292,535 shares in the company, valued at approximately $12,666,765.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Gregory N. Roberts sold 22,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,281,498.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael R. Wittmeyer sold 10,975 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following the sale, the director now owns 292,535 shares in the company, valued at $12,666,765.50. The trade was 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 have sold 110,316 shares of company stock worth $4,911,036. Company insiders own 23.20% of the company’s stock.

A-Mark Precious Metals Stock Performance

AMRK stock traded up $0.37 on Friday, hitting $39.91. The company had a trading volume of 15,428 shares, 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 stock’s 50-day simple moving average is $41.52 and its 200 day simple moving average is $38.31. The stock has a market cap 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 released its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.64 billion. As a group, equities research analysts expect that A-Mark Precious Metals, Inc. will post 4.29 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a $0.20 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $0.80 annualized dividend and a yield of 2.00%. A-Mark Precious Metals’s payout ratio is presently 24.54%.

About A-Mark Precious Metals

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.