18,599 Shares in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,599 shares of the company’s stock, valued at approximately $563,000. Semanteon Capital Management LP owned 0.08% of A-Mark Precious Metals as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Secure Asset Management LLC raised its stake in A-Mark Precious Metals by 2.4% during the fourth quarter. Secure Asset Management LLC now owns 28,890 shares of the company’s stock worth $874,000 after acquiring an additional 675 shares during the period. Deutsche Bank AG raised its stake in A-Mark Precious Metals by 4.3% during the third quarter. Deutsche Bank AG now owns 28,004 shares of the company’s stock worth $821,000 after acquiring an additional 1,165 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in A-Mark Precious Metals during the fourth quarter worth about $67,000. SG Americas Securities LLC raised its stake in A-Mark Precious Metals by 27.4% during the fourth quarter. SG Americas Securities LLC now owns 10,859 shares of the company’s stock worth $328,000 after acquiring an additional 2,334 shares during the period. Finally, Corton Capital Inc. raised its stake in A-Mark Precious Metals by 37.1% during the third quarter. Corton Capital Inc. now owns 11,024 shares of the company’s stock worth $323,000 after acquiring an additional 2,986 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.

Insider Activity

In related news, Director Michael R. Wittmeyer sold 22,558 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the completion of the sale, the director now directly owns 408,225 shares in the company, valued at $10,732,235.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Gregory N. Roberts sold 8,696 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Wittmeyer sold 22,558 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total transaction of $593,049.82. Following the completion of the transaction, the director now directly owns 408,225 shares of the company’s stock, valued at approximately $10,732,235.25. The disclosure for this sale can be found here. Insiders sold 53,637 shares of company stock worth $1,396,360 over the last three months. Corporate insiders own 23.20% of the company’s stock.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ:AMRK traded up $1.58 during trading hours on Friday, hitting $40.12. The stock had a trading volume of 547,595 shares, compared to its average volume of 350,706. The stock’s fifty day simple moving average is $30.89 and its 200 day simple moving average is $29.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. The firm has a market capitalization of $916.74 million, a price-to-earnings ratio of 8.90 and a beta of 0.02. A-Mark Precious Metals, Inc. has a 1-year low of $23.14 and a 1-year high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.33). The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. Sell-side analysts anticipate that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 17.74%.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMRK. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday. B. Riley dropped their price target on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Finally, DA Davidson raised their price target on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th.

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.