Connor Clark & Lunn Investment Management Ltd. Has $2.94 Million Position in A-Mark Precious Metals, Inc. $AMRK

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 254.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,674 shares of the company’s stock after buying an additional 95,291 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.54% of A-Mark Precious Metals worth $2,943,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. grew its stake in shares of A-Mark Precious Metals by 2,692.0% during the first quarter. Raymond James Financial Inc. now owns 241,177 shares of the company’s stock worth $6,119,000 after buying an additional 232,539 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of A-Mark Precious Metals by 288.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 107,264 shares of the company’s stock valued at $2,721,000 after acquiring an additional 79,624 shares in the last quarter. Nuveen LLC bought a new stake in A-Mark Precious Metals during the 1st quarter worth $6,350,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of A-Mark Precious Metals during the first quarter valued at about $1,524,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of A-Mark Precious Metals by 33.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 330,145 shares of the company’s stock worth $8,376,000 after purchasing an additional 83,635 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

Insider Buying and Selling

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 16,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $26.04, for a total transaction of $416,640.00. Following the transaction, the chief executive officer owned 28,202 shares in the company, valued at approximately $734,380.08. This represents a 36.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Moorhead John sold 2,600 shares of A-Mark Precious Metals stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $26.97, for a total transaction of $70,122.00. Following the transaction, the director owned 32,974 shares of the company’s stock, valued at $889,308.78. This represents a 7.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 28,600 shares of company stock worth $747,762 over the last ninety days. 23.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research downgraded shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of A-Mark Precious Metals in a research report on Tuesday, October 14th. Roth Capital raised A-Mark Precious Metals to a “strong-buy” rating in a research note on Wednesday, September 10th. Finally, DA Davidson reissued a “buy” rating and set a $29.00 target price on shares of A-Mark Precious Metals in a research report 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.00.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock opened at $25.24 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. A-Mark Precious Metals, Inc. has a 52 week low of $19.39 and a 52 week high of $31.07. The firm has a 50 day moving average of $26.57 and a 200-day moving average of $23.70. The company has a market cap of $621.91 million, a price-to-earnings ratio of 90.14 and a beta of 0.34.

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

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Wednesday, November 19th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, November 19th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 285.71%.

A-Mark Precious Metals Company 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.