Marshall Wace LLP Decreases Stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Marshall Wace LLP lessened its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 49.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,053 shares of the company's stock after selling 36,572 shares during the period. Marshall Wace LLP owned approximately 0.16% of A-Mark Precious Metals worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of A-Mark Precious Metals in the fourth quarter worth $338,000. CWA Asset Management Group LLC increased its stake in A-Mark Precious Metals by 38.6% in the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company's stock worth $10,094,000 after acquiring an additional 102,524 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of A-Mark Precious Metals in the 4th quarter valued at about $1,473,000. ExodusPoint Capital Management LP boosted its position in shares of A-Mark Precious Metals by 271.5% during the 4th quarter. ExodusPoint Capital Management LP now owns 69,207 shares of the company's stock valued at $1,896,000 after acquiring an additional 50,580 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of A-Mark Precious Metals by 43.6% during the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock valued at $5,871,000 after buying an additional 65,014 shares in the last quarter. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMRK has been the topic of several recent research reports. DA Davidson reaffirmed a "buy" rating and set a $35.00 target price on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Northland Securities decreased their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Finally, B. Riley lowered their target price on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, A-Mark Precious Metals presently has a consensus rating of "Hold" and an average target price of $42.00.

A-Mark Precious Metals Stock Up 0.3 %

Shares of AMRK traded up $0.08 during mid-day trading on Tuesday, reaching $24.15. The company had a trading volume of 215,093 shares, compared to its average volume of 316,783. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The company has a market capitalization of $555.91 million, a price-to-earnings ratio of 11.78 and a beta of 0.32. The firm has a 50-day moving average price of $25.34 and a 200 day moving average price of $28.20. A-Mark Precious Metals, Inc. has a 52 week low of $20.60 and a 52 week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. On average, sell-side analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.31%. A-Mark Precious Metals's dividend payout ratio is presently 39.02%.

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.