Jacobs Asset Management LLC Trims Stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Jacobs Asset Management LLC lessened its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 275,000 shares of the company’s stock after selling 25,000 shares during the quarter. A-Mark Precious Metals makes up approximately 8.0% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 2nd largest position. Jacobs Asset Management LLC owned approximately 1.19% of A-Mark Precious Metals worth $12,144,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Epacria Capital Partners LLC raised its position in shares of A-Mark Precious Metals by 31.3% in the 3rd quarter. Epacria Capital Partners LLC now owns 16,600 shares of the company’s stock worth $733,000 after acquiring an additional 3,955 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in A-Mark Precious Metals by 3.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,851 shares of the company’s stock valued at $2,025,000 after buying an additional 1,652 shares during the period. Cynosure Group LLC bought a new position in shares of A-Mark Precious Metals during the third quarter valued at about $373,000. FMR LLC grew its holdings in A-Mark Precious Metals by 1,714.4% in the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock worth $53,425,000 after purchasing an additional 1,143,125 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in shares of A-Mark Precious Metals by 6.4% during the third quarter. D.A. Davidson & CO. now owns 28,740 shares of the company’s stock valued at $1,269,000 after buying an additional 1,738 shares during the last quarter. Institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Down 1.0 %

Shares of A-Mark Precious Metals stock opened at $29.99 on Tuesday. 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 stock has a 50-day simple moving average of $37.42 and a 200-day simple moving average of $37.15. The firm has a market cap of $695.17 million, a price-to-earnings ratio of 12.76 and a beta of -0.06. A-Mark Precious Metals, Inc. has a 52-week low of $24.22 and a 52-week high of $47.39.

A-Mark Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders 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 dividend yield of 2.67%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 34.04%.

Insider Activity at A-Mark Precious Metals

In related news, Director Jess M. Ravich sold 14,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the sale, the director now owns 190,500 shares in the company, valued at $8,702,040. This represents a 7.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Wittmeyer sold 10,975 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the sale, the director now directly owns 292,535 shares of the company’s stock, valued at $12,666,765.50. The trade was a 3.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,316 shares of company stock valued at $4,911,036. Insiders own 48.64% of the company’s stock.

Analyst Upgrades and Downgrades

AMRK has been the subject of a number of recent analyst reports. DA Davidson dropped their price target on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.33.

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.