XTX Topco Ltd Invests $761,000 in A-Mark Precious Metals, Inc. $AMRK

XTX Topco Ltd bought a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,317 shares of the company’s stock, valued at approximately $761,000. XTX Topco Ltd owned approximately 0.14% of A-Mark Precious Metals at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in A-Mark Precious Metals by 12.4% during the 1st quarter. Vanguard Group Inc. now owns 1,152,737 shares of the company’s stock valued at $29,245,000 after acquiring an additional 127,072 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of A-Mark Precious Metals by 33.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 330,145 shares of the company’s stock valued at $8,376,000 after purchasing an additional 83,635 shares during the period. Cynosure Group LLC boosted its position in shares of A-Mark Precious Metals by 19.4% during the first quarter. Cynosure Group LLC now owns 12,856 shares of the company’s stock valued at $326,000 after purchasing an additional 2,089 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in A-Mark Precious Metals in the first quarter worth $948,000. Finally, Invesco Ltd. raised its holdings in A-Mark Precious Metals by 120.5% in the first quarter. Invesco Ltd. now owns 524,342 shares of the company’s stock worth $13,303,000 after purchasing an additional 286,512 shares in the last quarter. 75.25% of the stock is owned by institutional investors.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock opened at $29.25 on Tuesday. A-Mark Precious Metals, Inc. has a one year low of $19.39 and a one year high of $30.50. The company’s 50-day moving average is $26.71 and its 200 day moving average is $24.00. The company has a market capitalization of $720.72 million, a price-to-earnings ratio of 104.46 and a beta of 0.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.58 and a current ratio of 1.37.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Friday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.66). The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $2.67 billion. A-Mark Precious Metals had a return on equity of 6.25% and a net margin of 0.06%. Sell-side analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Wednesday, November 19th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.80 annualized dividend and a yield of 2.7%. A-Mark Precious Metals’s dividend payout ratio is 285.71%.

Wall Street Analyst Weigh In

AMRK has been the topic of a number of research reports. Zacks Research cut shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of A-Mark Precious Metals in a research report on Monday, November 24th. DA Davidson set a $34.00 price objective on shares of A-Mark Precious Metals in a report on Monday, November 17th. Finally, Roth Capital raised shares of A-Mark Precious Metals to a “strong-buy” rating in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

Insider Buying and Selling at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Moorhead John sold 2,600 shares of A-Mark Precious Metals stock in a transaction on Monday, September 15th. The stock was sold at an average price of $26.97, for a total value of $70,122.00. Following the completion of the sale, the director owned 32,974 shares of the company’s stock, valued at approximately $889,308.78. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory N. Roberts sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $26.37, for a total value of $527,400.00. Following the completion of the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at $743,686.74. This represents a 41.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 130,483 shares of company stock worth $3,376,357. Company insiders own 23.10% of the company’s stock.

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.