B. Riley Wealth Advisors Inc. Trims Stock Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

B. Riley Wealth Advisors Inc. lessened its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 56.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,270 shares of the company’s stock after selling 52,830 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in A-Mark Precious Metals were worth $1,778,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMRK. Hobbs Group Advisors LLC purchased a new position in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $26,000. Quarry LP boosted its position in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after buying an additional 539 shares during the period. nVerses Capital LLC acquired a new stake in shares of A-Mark Precious Metals in the second quarter valued at $45,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at $88,000. Finally, Victory Capital Management Inc. acquired a new position in A-Mark Precious Metals during the 3rd quarter worth about $226,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Price Performance

AMRK stock opened at $28.00 on Tuesday. The business’s 50-day moving average is $34.67 and its two-hundred day moving average is $36.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The firm has a market capitalization of $649.15 million, a P/E ratio of 11.88 and a beta of -0.06. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a $0.20 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $0.80 annualized dividend and a yield of 2.86%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 34.04%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. DA Davidson dropped their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, A-Mark Precious Metals currently has a consensus rating of “Hold” and a consensus target price of $46.33.

Insider Buying and Selling

In related news, Director Michael R. Wittmeyer sold 10,975 shares of the company’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 transaction, the director now directly owns 292,535 shares of the company’s stock, valued at $12,666,765.50. This represents a 3.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathleen Taylor-Simpson sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $43.98, for a total transaction of $1,099,500.00. The disclosure for this sale can be found here. Insiders sold 73,816 shares of company stock worth $3,248,996 over the last 90 days. 48.64% of the stock is owned by insiders.

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.