California State Teachers Retirement System lowered its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,597 shares of the company’s stock after selling 1,296 shares during the period. California State Teachers Retirement System owned approximately 0.08% of A-Mark Precious Metals worth $571,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quest Partners LLC purchased a new stake in shares of A-Mark Precious Metals in the 4th quarter worth approximately $184,000. Capstone Investment Advisors LLC purchased a new stake in shares of A-Mark Precious Metals in the fourth quarter worth $220,000. Quantbot Technologies LP increased its holdings in shares of A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after acquiring an additional 4,895 shares in the last quarter. Raymond James & Associates purchased a new position in shares of A-Mark Precious Metals in the 4th quarter worth about $236,000. Finally, Matisse Capital purchased a new position in shares of A-Mark Precious Metals in the 4th quarter worth about $302,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.
Insider Buying and Selling
In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 5,000 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $39.21, for a total value of $196,050.00. Following the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,105,800.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 6,000 shares of company stock valued at $235,255 over the last 90 days. Company insiders own 23.20% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. B. Riley lowered shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Wednesday, May 15th. StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Northland Capmk downgraded A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Northland Securities cut A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Finally, Maxim Group began coverage on A-Mark Precious Metals in a research report on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price objective on the stock. One equities 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.67.
View Our Latest Report on A-Mark Precious Metals
A-Mark Precious Metals Trading Up 3.7 %
Shares of AMRK stock opened at $35.70 on Friday. The stock has a market capitalization of $815.92 million, a P/E ratio of 10.95 and a beta of -0.06. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $34.84 and its 200 day moving average is $33.55. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $42.48.
A-Mark Precious Metals Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were paid a $0.20 dividend. The ex-dividend date was Thursday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.24%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 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.
Further Reading
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