Semanteon Capital Management LP Purchases New Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Semanteon Capital Management LP purchased a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,599 shares of the company’s stock, valued at approximately $563,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Yacktman Asset Management LP raised its stake in shares of A-Mark Precious Metals by 21.6% in the fourth quarter. Yacktman Asset Management LP now owns 45,000 shares of the company’s stock worth $1,361,000 after acquiring an additional 8,000 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of A-Mark Precious Metals by 49.2% in the fourth quarter. New York State Common Retirement Fund now owns 10,368 shares of the company’s stock worth $314,000 after acquiring an additional 3,417 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of A-Mark Precious Metals by 52.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 149,577 shares of the company’s stock worth $4,525,000 after acquiring an additional 51,358 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of A-Mark Precious Metals in the fourth quarter worth about $67,000. Finally, Secure Asset Management LLC raised its stake in shares of A-Mark Precious Metals by 2.4% in 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 last quarter. 75.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,558 shares of the company’s stock in a transaction 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 sale, the director now directly owns 408,225 shares of the company’s stock, valued at $10,732,235.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $26.29, for a total value of $593,049.82. Following the transaction, the director now directly owns 408,225 shares of the company’s stock, valued at $10,732,235.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Wittmeyer sold 22,383 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total transaction of $583,300.98. Following the completion of the transaction, the director now directly owns 453,283 shares in the company, valued at $11,812,554.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,637 shares of company stock valued at $1,396,360. 23.20% of the stock is currently owned by corporate insiders.

A-Mark Precious Metals Trading Up 4.1 %

Shares of AMRK traded up $1.58 on Friday, reaching $40.12. 547,595 shares of the company’s stock were exchanged, compared to its average volume of 350,706. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $916.74 million, a P/E ratio of 8.90 and a beta of 0.02. The business has a 50 day moving average price of $30.89 and a two-hundred day moving average price of $29.17. A-Mark Precious Metals, Inc. has a 12 month low of $23.14 and a 12 month high of $42.48.

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

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.99%. The ex-dividend date is Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 17.74%.

About A-Mark Precious Metals

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.