Riverwater Partners LLC Raises Stock Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Riverwater Partners LLC boosted its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 385.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,774 shares of the company’s stock after acquiring an additional 35,545 shares during the period. A-Mark Precious Metals accounts for 1.0% of Riverwater Partners LLC’s holdings, making the stock its 24th biggest position. Riverwater Partners LLC owned 0.20% of A-Mark Precious Metals worth $2,001,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in shares of A-Mark Precious Metals by 99.6% during the 1st quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock valued at $1,047,000 after purchasing an additional 17,023 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of A-Mark Precious Metals during the first quarter worth about $712,000. Evergreen Capital Management LLC grew its stake in shares of A-Mark Precious Metals by 359.3% during the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after acquiring an additional 64,221 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of A-Mark Precious Metals during the second quarter valued at about $5,702,000. Finally, Koss Olinger Consulting LLC purchased a new position in shares of A-Mark Precious Metals in the 2nd quarter valued at approximately $535,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Performance

AMRK opened at $39.53 on Thursday. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $47.39. The firm has a 50 day moving average of $41.42 and a two-hundred day moving average of $38.30. The firm has a market capitalization of $903.46 million, a PE ratio of 12.13 and a beta of -0.04.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. On average, analysts anticipate that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.02%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 24.54%.

Analyst Upgrades and Downgrades

AMRK has been the topic of several research analyst reports. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. DA Davidson upped their target price on A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, September 30th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.33.

Insider Transactions at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,281,498.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Gregory N. Roberts sold 4,320 shares of A-Mark Precious Metals stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $44.00, for a total value of $190,080.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,240,888. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory N. Roberts sold 22,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,316 shares of company stock worth $4,911,036 over the last quarter. 23.20% of the stock is currently owned by insiders.

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.