Bard Associates Inc. Acquires 396 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Bard Associates Inc. lifted its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 0.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 93,411 shares of the company’s stock after purchasing an additional 396 shares during the quarter. A-Mark Precious Metals accounts for about 1.4% of Bard Associates Inc.’s portfolio, making the stock its 13th largest position. Bard Associates Inc.’s holdings in A-Mark Precious Metals were worth $4,125,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in AMRK. CWA Asset Management Group LLC bought a new stake in A-Mark Precious Metals during the third quarter worth $11,741,000. Driehaus Capital Management LLC bought a new position in A-Mark Precious Metals in the 2nd quarter worth about $5,702,000. Evergreen Capital Management LLC lifted its holdings in shares of A-Mark Precious Metals by 359.3% during the 2nd 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. CMC Financial Group bought a new stake in shares of A-Mark Precious Metals in the 2nd quarter worth approximately $1,812,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of A-Mark Precious Metals by 123.6% in the second quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock worth $3,014,000 after buying an additional 51,460 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Trading Down 2.3 %

Shares of AMRK opened at $29.55 on Friday. A-Mark Precious Metals, Inc. has a 1-year low of $24.22 and a 1-year high of $47.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.39. The company has a 50-day moving average of $41.11 and a 200 day moving average of $38.04. The firm has a market capitalization of $684.97 million, a price-to-earnings ratio of 12.57 and a beta of -0.01.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). The business had revenue of $2.52 billion for the quarter, compared to analyst estimates 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, research analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals’s payout ratio is 34.04%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. DA Davidson cut their target price 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. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment 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. Based on data from MarketBeat, A-Mark Precious Metals presently has a consensus rating of “Hold” and an average price target of $46.33.

Insider Activity at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $43.30, for a total value of $475,217.50. Following the completion of the sale, the director now owns 292,535 shares in the company, valued at approximately $12,666,765.50. The trade was a 3.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jess M. Ravich sold 14,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the transaction, the director now owns 190,500 shares in the company, valued at $8,702,040. This trade represents a 7.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,316 shares of company stock valued at $4,911,036. 48.64% of the stock is owned by insiders.

A-Mark Precious Metals Company 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.