Vanguard Group Inc. boosted its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,038,275 shares of the company’s stock after acquiring an additional 6,544 shares during the period. Vanguard Group Inc. owned 4.54% of A-Mark Precious Metals worth $31,865,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Raymond James & Associates purchased a new stake in A-Mark Precious Metals during the fourth quarter worth $236,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of A-Mark Precious Metals during the fourth quarter valued at about $67,000. Allspring Global Investments Holdings LLC increased its position in shares of A-Mark Precious Metals by 52.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 149,577 shares of the company’s stock valued at $4,525,000 after acquiring an additional 51,358 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of A-Mark Precious Metals by 49.2% in the fourth quarter. New York State Common Retirement Fund now owns 10,368 shares of the company’s stock valued at $314,000 after purchasing an additional 3,417 shares in the last quarter. Finally, Yacktman Asset Management LP grew its holdings in shares of A-Mark Precious Metals by 21.6% in the fourth quarter. Yacktman Asset Management LP now owns 45,000 shares of the company’s stock valued at $1,361,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.
A-Mark Precious Metals Stock Performance
A-Mark Precious Metals stock opened at $33.78 on Friday. The stock has a 50 day moving average of $35.02 and a 200-day moving average of $33.26. A-Mark Precious Metals, Inc. has a 52 week low of $23.14 and a 52 week high of $42.48. The stock has a market cap of $772.04 million, a P/E ratio of 10.36 and a beta of -0.06. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.56). The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.18 billion. A-Mark Precious Metals had a net margin of 0.77% and a return on equity of 20.24%. On average, analysts expect that A-Mark Precious Metals, Inc. will post 3.93 EPS for the current fiscal year.
A-Mark Precious Metals Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 2.37%. A-Mark Precious Metals’s dividend payout ratio is 24.54%.
Analyst Upgrades and Downgrades
AMRK has been the subject of a number of recent research reports. Maxim Group initiated coverage on shares of A-Mark Precious Metals in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $63.00 price target for the company. Northland Capmk cut shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Northland Securities cut shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Finally, B. Riley cut shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, A-Mark Precious Metals presently has an average rating of “Hold” and an average price target of $46.67.
Check Out Our Latest Report on AMRK
Insider Activity
In other news, CEO Gregory N. Roberts sold 15,000 shares of A-Mark Precious Metals stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $38.93, for a total transaction of $583,950.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,097,903.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Gregory N. Roberts sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $38.93, for a total value of $583,950.00. Following the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $1,097,903.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $38.68, for a total value of $386,800.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,090,853.36. The disclosure for this sale can be found here. Insiders sold a total of 49,448 shares of company stock worth $1,900,203 in the last three months. 23.20% of the stock is owned by insiders.
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.
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