Aigen Investment Management LP Grows Stock Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Aigen Investment Management LP boosted its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 20.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 9,395 shares of the company’s stock after buying an additional 1,615 shares during the quarter. Aigen Investment Management LP’s holdings in A-Mark Precious Metals were worth $415,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Quarry LP grew its holdings in shares of A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares during the last quarter. nVerses Capital LLC purchased a new stake in A-Mark Precious Metals during the 2nd quarter valued at $45,000. Strategic Investment Solutions Inc. IL bought a new stake in A-Mark Precious Metals in the 3rd quarter worth $88,000. Quantbot Technologies LP increased its position in shares of A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after acquiring an additional 4,895 shares during the period. Finally, Fermata Advisors LLC purchased a new stake in shares of A-Mark Precious Metals during the third quarter worth about $232,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 4,320 shares of A-Mark Precious Metals stock in a transaction dated Friday, September 20th. The shares were 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 directly owns 28,202 shares of the company’s stock, valued at approximately $1,240,888. The trade was a 13.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael R. Wittmeyer sold 10,975 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,316 shares of company stock valued at $4,911,036. 48.64% of the stock is currently owned by corporate insiders.

A-Mark Precious Metals Stock Down 2.3 %

NASDAQ:AMRK opened at $29.55 on Friday. 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 firm’s 50-day moving average price is $41.11 and its 200-day moving average price is $38.04. The company has a market capitalization of $684.97 million, a PE ratio of 12.81 and a beta of -0.01. A-Mark Precious Metals, Inc. has a 1-year low of $24.22 and a 1-year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 10.93% and a net margin of 0.57%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. On average, equities analysts predict that A-Mark Precious Metals, Inc. will post 3.54 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis 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%.

Analyst Ratings Changes

Several analysts recently weighed in on AMRK shares. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Wednesday. DA Davidson lowered their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $46.33.

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.