Cynosure Group LLC Purchases Shares of 8,441 A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Cynosure Group LLC acquired a new position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,441 shares of the company’s stock, valued at approximately $373,000.

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

A-Mark Precious Metals Stock Up 2.0 %

Shares of AMRK opened at $30.48 on Friday. The company has a market capitalization of $706.53 million, a price-to-earnings ratio of 12.97 and a beta of -0.01. A-Mark Precious Metals, Inc. has a 52 week low of $24.22 and a 52 week high of $47.39. The stock’s 50-day moving average price is $37.93 and its 200-day moving average price is $37.27. 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). The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a return on equity of 10.93% and a net margin of 0.57%. On average, sell-side analysts predict that A-Mark Precious Metals, Inc. will post 3.54 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMRK. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. DA Davidson dropped their price target on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.33.

Insider Activity at A-Mark Precious Metals

In related news, Director Michael R. Wittmeyer sold 25,841 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total value of $1,146,048.35. Following the completion of the transaction, the director now owns 292,535 shares of the company’s stock, valued at approximately $12,973,927.25. This represents a 8.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kathleen Taylor-Simpson sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $43.98, for a total value of $1,099,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,316 shares of company stock worth $4,911,036. 48.64% of the stock is owned by company 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.