Fermata Advisors LLC Purchases New Stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Fermata Advisors LLC acquired a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the third quarter, HoldingsChannel.com reports. The firm acquired 5,257 shares of the company’s stock, valued at approximately $232,000.

A number of other institutional investors have also recently added to or reduced their stakes in AMRK. B. Riley Wealth Advisors Inc. lifted its position in A-Mark Precious Metals by 164.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock worth $3,326,000 after buying an additional 68,320 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in A-Mark Precious Metals by 34.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock worth $6,172,000 after buying an additional 51,531 shares in the last quarter. BNP Paribas Financial Markets raised its position in A-Mark Precious Metals by 99.6% in the first 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 period. Pullen Investment Management LLC purchased a new stake in A-Mark Precious Metals in the first quarter valued at $694,000. Finally, GSA Capital Partners LLP purchased a new stake in A-Mark Precious Metals in the first quarter valued at $712,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMRK. DA Davidson lifted 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. StockNews.com downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $49.33.

Insider Activity at A-Mark Precious Metals

In related news, Director Michael R. Wittmeyer sold 25,841 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the completion of the transaction, the director now directly owns 292,535 shares of the company’s stock, valued at $12,973,927.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $1,281,498.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael R. Wittmeyer sold 25,841 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 292,535 shares of the company’s stock, valued at $12,973,927.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,316 shares of company stock worth $4,911,036. 48.64% of the stock is currently owned by company insiders.

A-Mark Precious Metals Price Performance

AMRK stock opened at $41.93 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $971.52 million, a PE ratio of 15.25 and a beta of -0.04. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $47.39. The business’s fifty day moving average price is $40.11 and its 200 day moving average price is $37.53.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings data 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 firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. On average, sell-side analysts anticipate that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.91%. A-Mark Precious Metals’s dividend payout ratio is presently 29.09%.

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.