Dynamic Technology Lab Private Ltd Invests $453,000 in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Dynamic Technology Lab Private Ltd acquired a new position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,255 shares of the company’s stock, valued at approximately $453,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP increased its stake in shares of A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of A-Mark Precious Metals in the 2nd quarter worth $45,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of A-Mark Precious Metals in the 3rd quarter worth $88,000. Victory Capital Management Inc. purchased a new stake in shares of A-Mark Precious Metals in the 3rd quarter worth $226,000. Finally, Fermata Advisors LLC purchased a new stake in shares of A-Mark Precious Metals in the 3rd quarter worth $232,000. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

A-Mark Precious Metals Stock Down 0.6 %

AMRK opened at $30.30 on Friday. The firm has a 50-day simple moving average of $37.68 and a two-hundred day simple moving average of $37.22. A-Mark Precious Metals, Inc. has a 52 week low of $24.22 and a 52 week high of $47.39. The company has a market capitalization of $702.35 million, a PE ratio of 12.89 and a beta of -0.01. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.64 billion. Analysts forecast that A-Mark Precious Metals, Inc. will post 3.54 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

Insider Buying and Selling at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 22,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. This trade represents a 43.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $8,702,040. The trade was a 7.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,316 shares of company stock valued at $4,911,036 in the last 90 days. Insiders own 48.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMRK. DA Davidson cut their price target on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.33.

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.