Granite Investment Partners LLC decreased its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 4.7% during the second quarter, Holdings Channel reports. The fund owned 110,343 shares of the company’s stock after selling 5,501 shares during the period. Granite Investment Partners LLC’s holdings in A-Mark Precious Metals were worth $1,808,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMRK. William Blair Investment Management LLC raised its stake in shares of A-Mark Precious Metals by 280.9% in the first quarter. William Blair Investment Management LLC now owns 177,747 shares of the company’s stock worth $3,036,000 after buying an additional 131,078 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in shares of A-Mark Precious Metals during the first quarter worth approximately $282,000. Renaissance Technologies LLC raised its stake in shares of A-Mark Precious Metals by 46.4% in the fourth quarter. Renaissance Technologies LLC now owns 47,000 shares of the company’s stock worth $917,000 after buying an additional 14,900 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of A-Mark Precious Metals during the first quarter worth approximately $180,000. Finally, JPMorgan Chase & Co. raised its stake in shares of A-Mark Precious Metals by 13.4% in the first quarter. JPMorgan Chase & Co. now owns 15,470 shares of the company’s stock worth $264,000 after buying an additional 1,829 shares during the last quarter. 19.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) opened at 16.36 on Friday. The stock’s 50 day moving average price is $15.61 and its 200-day moving average price is $17.16. A-Mark Precious Metals, Inc. has a 52 week low of $14.75 and a 52 week high of $21.66. The firm has a market capitalization of $115.03 million, a price-to-earnings ratio of 16.85 and a beta of 0.13.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.25 by $0.09. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. A-Mark Precious Metals had a net margin of 0.09% and a return on equity of 10.08%. Equities analysts predict that A-Mark Precious Metals, Inc. will post $1.14 earnings per share for the current year.

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In other news, CEO Gregory N. Roberts sold 2,000 shares of the stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $15.78, for a total transaction of $31,560.00. Following the transaction, the chief executive officer now directly owns 39,256 shares in the company, valued at approximately $619,459.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory N. Roberts sold 3,300 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $15.54, for a total value of $51,282.00. Following the transaction, the chief executive officer now owns 42,556 shares in the company, valued at $661,320.24. The disclosure for this sale can be found here. Insiders have sold a total of 11,900 shares of company stock worth $182,907 over the last quarter. Corporate insiders own 43.00% of the company’s stock.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.

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Institutional Ownership by Quarter for A-Mark Precious Metals (NASDAQ:AMRK)

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