Versor Investments LP Has $2 Million Stake in AssetMark Financial Holdings, Inc. (NYSE:AMK)

Versor Investments LP grew its holdings in AssetMark Financial Holdings, Inc. (NYSE:AMK) by 450.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,748 shares of the company’s stock after purchasing an additional 47,248 shares during the quarter. Versor Investments LP owned about 0.08% of AssetMark Financial worth $1,995,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in AssetMark Financial by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,140,031 shares of the company’s stock valued at $75,778,000 after purchasing an additional 23,509 shares during the last quarter. Jennison Associates LLC grew its position in AssetMark Financial by 1.1% during the first quarter. Jennison Associates LLC now owns 1,874,673 shares of the company’s stock worth $66,382,000 after buying an additional 21,289 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in AssetMark Financial by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 943,396 shares of the company’s stock valued at $28,257,000 after acquiring an additional 98,444 shares during the period. Azora Capital LP raised its holdings in AssetMark Financial by 32.8% in the 4th quarter. Azora Capital LP now owns 465,355 shares of the company’s stock valued at $13,937,000 after acquiring an additional 114,965 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of AssetMark Financial in the 2nd quarter worth approximately $13,018,000. 28.64% of the stock is currently owned by institutional investors.

AssetMark Financial Stock Performance

Shares of AMK stock traded up $0.07 during mid-day trading on Monday, reaching $35.15. The company’s stock had a trading volume of 579,400 shares, compared to its average volume of 380,177. The firm’s 50-day moving average is $34.66 and its two-hundred day moving average is $34.61. AssetMark Financial Holdings, Inc. has a 1-year low of $22.92 and a 1-year high of $37.54. The company has a market cap of $2.63 billion, a P/E ratio of 18.40 and a beta of 1.10.

AssetMark Financial (NYSE:AMK) last announced its quarterly earnings results on Thursday, July 18th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). The firm had revenue of $198.49 million for the quarter, compared to the consensus estimate of $193.28 million. AssetMark Financial had a net margin of 19.43% and a return on equity of 13.08%. Sell-side analysts anticipate that AssetMark Financial Holdings, Inc. will post 2.46 EPS for the current year.

Insider Activity at AssetMark Financial

In other news, EVP Mukesh Mehta sold 8,880 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $34.40, for a total transaction of $305,472.00. Following the sale, the executive vice president now owns 304,791 shares in the company, valued at $10,484,810.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Mukesh Mehta sold 8,880 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $34.40, for a total value of $305,472.00. Following the completion of the transaction, the executive vice president now owns 304,791 shares in the company, valued at approximately $10,484,810.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Esi Minta-Jacobs sold 2,529 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $34.40, for a total value of $86,997.60. Following the completion of the transaction, the insider now owns 66,766 shares in the company, valued at $2,296,750.40. The disclosure for this sale can be found here. Insiders sold 39,251 shares of company stock valued at $1,350,234 in the last three months. Corporate insiders own 2.00% of the company’s stock.

About AssetMark Financial

AssetMark Financial Holdings, Inc, together with its subsidiaries, provides wealth management platform in the United States. It offers an open-architecture product platform, as well as client advice, asset allocation options, practice management, support services, and technology solutions to the financial adviser channel.