Belpointe Asset Management LLC Invests $87,000 in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Belpointe Asset Management LLC purchased a new position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) during the 4th quarter, HoldingsChannel reports. The fund purchased 2,495 shares of the company’s stock, valued at approximately $87,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of A-Mark Precious Metals by 2.0% in the third quarter. Vanguard Group Inc. now owns 931,203 shares of the company’s stock worth $26,437,000 after purchasing an additional 18,159 shares during the period. Dimensional Fund Advisors LP grew its position in A-Mark Precious Metals by 11.0% in the third quarter. Dimensional Fund Advisors LP now owns 711,746 shares of the company’s stock worth $20,207,000 after acquiring an additional 70,266 shares in the last quarter. Nuveen Asset Management LLC grew its position in A-Mark Precious Metals by 67.8% in the third quarter. Nuveen Asset Management LLC now owns 403,516 shares of the company’s stock worth $11,456,000 after acquiring an additional 163,092 shares in the last quarter. State Street Corp grew its position in A-Mark Precious Metals by 115.0% in the second quarter. State Street Corp now owns 358,999 shares of the company’s stock worth $11,578,000 after acquiring an additional 192,046 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in A-Mark Precious Metals by 156.4% in the second quarter. Renaissance Technologies LLC now owns 308,384 shares of the company’s stock worth $9,945,000 after acquiring an additional 188,092 shares in the last quarter. Institutional investors own 50.03% of the company’s stock.

A-Mark Precious Metals Stock Up 0.2 %

NASDAQ AMRK opened at $37.15 on Friday. The company has a 50-day simple moving average of $34.60 and a two-hundred day simple moving average of $33.95. A-Mark Precious Metals, Inc. has a 12-month low of $23.71 and a 12-month high of $40.93. The firm has a market cap of $864.11 million, a price-to-earnings ratio of 6.03 and a beta of -0.05.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Monday, April 17th were given a dividend of $0.20 per share. The ex-dividend date was Friday, April 14th. This represents a $0.80 annualized dividend and a yield of 2.15%. A-Mark Precious Metals’s payout ratio is 12.99%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMRK. Northland Securities cut their target price on shares of A-Mark Precious Metals from $60.00 to $56.00 and set an “outperform” rating for the company in a research report on Tuesday, February 7th. B. Riley upped their target price on shares of A-Mark Precious Metals from $50.00 to $54.00 in a research report on Thursday, May 11th. Finally, StockNews.com began coverage on shares of A-Mark Precious Metals in a research report on Thursday. They issued a “hold” rating for the company.

Insider Buying and Selling at A-Mark Precious Metals

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $31.16, for a total transaction of $311,600.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $878,774.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Gregory N. Roberts sold 8,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $29.50, for a total transaction of $236,000.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $831,959. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory N. Roberts sold 10,000 shares of the stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $31.16, for a total transaction of $311,600.00. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $878,774.32. The disclosure for this sale can be found here. Insiders sold a total of 42,207 shares of company stock worth $1,416,817 over the last three months. Company insiders own 23.50% of the company’s stock.

About A-Mark Precious Metals

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A-Mark Precious Metals, Inc engages in the trading of precious metals. It operates through the following segments: Wholesale Trading and Ancillary Services, Secured Lending, and Direct-to-Consumer. The Wholesale Trading and Ancillary Services segment offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grain, ingots, and coins.