Algert Global LLC Raises Stake in A-Mark Precious Metals, Inc. $AMRK

Algert Global LLC increased its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 38.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 62,444 shares of the company’s stock after purchasing an additional 17,350 shares during the period. Algert Global LLC owned 0.27% of A-Mark Precious Metals worth $1,584,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in A-Mark Precious Metals by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,042 shares of the company’s stock worth $275,000 after acquiring an additional 456 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in A-Mark Precious Metals by 6.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 8,405 shares of the company’s stock worth $213,000 after acquiring an additional 485 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in A-Mark Precious Metals by 2.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 27,640 shares of the company’s stock worth $757,000 after acquiring an additional 782 shares during the last quarter. Coppell Advisory Solutions LLC increased its stake in A-Mark Precious Metals by 72.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock worth $53,000 after acquiring an additional 806 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in A-Mark Precious Metals by 19.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,300 shares of the company’s stock worth $227,000 after acquiring an additional 1,379 shares during the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMRK shares. Wall Street Zen upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Saturday, May 17th. DA Davidson decreased their target price on A-Mark Precious Metals from $35.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, B. Riley decreased their target price on A-Mark Precious Metals from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.00.

Insiders Place Their Bets

In related news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $20.68, for a total transaction of $103,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 48.64% of the stock is owned by corporate insiders.

A-Mark Precious Metals Trading Up 6.5%

Shares of AMRK stock opened at $24.08 on Friday. The stock has a market capitalization of $592.85 million, a PE ratio of 16.27 and a beta of 0.14. A-Mark Precious Metals, Inc. has a 1-year low of $19.39 and a 1-year high of $47.39. The business has a 50-day moving average of $22.29 and a 200 day moving average of $23.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.56 and a quick ratio of 0.39.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 3.3%. A-Mark Precious Metals’s dividend payout ratio is currently 54.05%.

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.