Charles Schwab Investment Management Inc. Increases Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)
Charles Schwab Investment Management Inc. boosted its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) by 48.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,799 shares of the company’s stock after buying an additional 126,385 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.64% of A-Mark Precious Metals worth $11,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new position in shares of A-Mark Precious Metals during the 3rd quarter valued at $587,000. LSV Asset Management increased its position in A-Mark Precious Metals by 136.6% during the 3rd quarter. LSV Asset Management now owns 192,105 shares of the company’s stock valued at $5,634,000 after buying an additional 110,905 shares in the last quarter. Yacktman Asset Management LP purchased a new stake in A-Mark Precious Metals during the 3rd quarter valued at about $1,085,000. Allspring Global Investments Holdings LLC lifted its position in A-Mark Precious Metals by 1,515.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 98,219 shares of the company’s stock valued at $2,881,000 after acquiring an additional 92,139 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of A-Mark Precious Metals by 2,596.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,079 shares of the company’s stock valued at $354,000 after acquiring an additional 11,631 shares during the last quarter. 54.84% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, Director Michael R. Wittmeyer sold 22,558 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total value of $593,049.82. Following the completion of the sale, the director now directly owns 408,225 shares of the company’s stock, valued at approximately $10,732,235.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total transaction of $583,300.98. Following the completion of the transaction, the director now owns 453,283 shares in the company, valued at $11,812,554.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total value of $593,049.82. Following the completion of the sale, the director now owns 408,225 shares in the company, valued at $10,732,235.25. The disclosure for this sale can be found here. 23.20% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages recently commented on AMRK. B. Riley decreased their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Monday, February 12th.
Get Our Latest Research Report on AMRK
A-Mark Precious Metals Stock Down 0.9 %
AMRK opened at $25.49 on Thursday. The company has a market capitalization of $582.45 million, a PE ratio of 5.65 and a beta of 0.01. The firm has a 50-day simple moving average of $27.80 and a two-hundred day simple moving average of $29.42. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals, Inc. has a 52 week low of $23.14 and a 52 week high of $42.11.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.25 billion. A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. Analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current fiscal year.
A-Mark Precious Metals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th were paid a $0.20 dividend. The ex-dividend date was Friday, January 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.14%. A-Mark Precious Metals’s payout ratio is currently 17.74%.
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.
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