Aigen Investment Management LP Invests $574,000 in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Aigen Investment Management LP purchased a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,984 shares of the company’s stock, valued at approximately $574,000. Aigen Investment Management LP owned about 0.08% of A-Mark Precious Metals as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMRK. Quest Partners LLC bought a new position in shares of A-Mark Precious Metals in the fourth quarter valued at approximately $184,000. Matisse Capital bought a new position in A-Mark Precious Metals in the 4th quarter valued at $302,000. Dimensional Fund Advisors LP boosted its stake in A-Mark Precious Metals by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock worth $34,178,000 after purchasing an additional 106,842 shares in the last quarter. Jump Financial LLC grew its holdings in shares of A-Mark Precious Metals by 22.8% during the fourth quarter. Jump Financial LLC now owns 38,600 shares of the company’s stock worth $1,168,000 after purchasing an additional 7,169 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of A-Mark Precious Metals by 17.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock worth $13,681,000 after purchasing an additional 67,452 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Up 0.1 %

Shares of NASDAQ AMRK opened at $39.28 on Thursday. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $897.55 million, a PE ratio of 12.03 and a beta of -0.05. The firm’s 50-day moving average is $35.76 and its 200-day moving average is $30.62. A-Mark Precious Metals, Inc. has a 1 year low of $23.14 and a 1 year high of $42.48.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio is presently 24.54%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Northland Capmk downgraded shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Northland Securities lowered shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. DA Davidson raised their price target on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. B. Riley downgraded A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Wednesday, May 15th. Finally, Maxim Group started coverage on A-Mark Precious Metals in a research report on Wednesday. They issued a “buy” rating and a $63.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, A-Mark Precious Metals has an average rating of “Hold” and an average target price of $46.67.

Insider Buying and Selling at A-Mark Precious Metals

In related news, Director Jess M. Ravich acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $25.63 per share, with a total value of $512,600.00. Following the completion of the purchase, the director now directly owns 143,668 shares in the company, valued at $3,682,210.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jess M. Ravich acquired 20,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $25.63 per share, with a total value of $512,600.00. Following the purchase, the director now directly owns 143,668 shares of the company’s stock, valued at $3,682,210.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,144 shares of company stock worth $2,196,737. Insiders own 23.20% 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.