Cannell Capital LLC maintained its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,500 shares of the company’s stock at the end of the first quarter. Cannell Capital LLC’s holdings in A-Mark Precious Metals were worth $128,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of AMRK. William Blair Investment Management LLC boosted its position in shares of A-Mark Precious Metals by 280.9% in the first quarter. William Blair Investment Management LLC now owns 177,747 shares of the company’s stock worth $3,036,000 after buying an additional 131,078 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in shares of A-Mark Precious Metals during the first quarter worth $282,000. Renaissance Technologies LLC raised its stake in shares of A-Mark Precious Metals by 46.4% in the fourth quarter. Renaissance Technologies LLC now owns 47,000 shares of the company’s stock worth $917,000 after buying an additional 14,900 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of A-Mark Precious Metals during the first quarter worth $180,000. Finally, Vanguard Group Inc. raised its stake in shares of A-Mark Precious Metals by 2.1% in the first quarter. Vanguard Group Inc. now owns 199,447 shares of the company’s stock worth $3,407,000 after buying an additional 4,160 shares in the last quarter. Institutional investors and hedge funds own 19.86% of the company’s stock.
Shares of A-Mark Precious Metals, Inc. (NASDAQ AMRK) traded up 3.94% during midday trading on Monday, hitting $16.63. The stock had a trading volume of 25,503 shares. A-Mark Precious Metals, Inc. has a 52-week low of $14.02 and a 52-week high of $21.66. The firm has a market cap of $116.93 million, a price-to-earnings ratio of 17.13 and a beta of 0.16. The firm’s 50 day moving average price is $16.27 and its 200 day moving average price is $17.95.
A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.09. A-Mark Precious Metals had a return on equity of 10.08% and a net margin of 0.09%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. On average, equities research analysts expect that A-Mark Precious Metals, Inc. will post $1.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Monday, May 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, May 11th. A-Mark Precious Metals’s dividend payout ratio is currently 32.99%.
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A number of research analysts have issued reports on AMRK shares. B. Riley reiterated a “neutral” rating and set a $18.75 price objective on shares of A-Mark Precious Metals in a research note on Wednesday, March 22nd. Singular Research reiterated a “buy” rating and set a $24.30 price objective (up previously from $20.00) on shares of A-Mark Precious Metals in a research report on Friday, March 10th. Zacks Investment Research upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) raised A-Mark Precious Metals from a “buy” rating to a “conviction-buy” rating in a report on Thursday, March 2nd. Finally, TheStreet raised A-Mark Precious Metals from a “d+” rating to a “c+” rating in a research note on Tuesday, March 14th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $20.68.
In other news, CEO Gregory N. Roberts sold 3,300 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $15.54, for a total value of $51,282.00. Following the completion of the transaction, the chief executive officer now owns 42,556 shares in the company, valued at $661,320.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 9,900 shares of company stock valued at $166,122 in the last 90 days. Company insiders own 43.00% of the company’s stock.
A-Mark Precious Metals Company Profile
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
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