Aquatic Capital Management LLC Buys New Shares in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Aquatic Capital Management LLC bought a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,424 shares of the company's stock, valued at approximately $395,000. Aquatic Capital Management LLC owned approximately 0.06% of A-Mark Precious Metals as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in A-Mark Precious Metals by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 437,464 shares of the company's stock valued at $11,989,000 after buying an additional 5,672 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of A-Mark Precious Metals by 38.6% in the fourth 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. Wedbush Securities Inc. boosted its stake in shares of A-Mark Precious Metals by 3.8% in the 4th quarter. Wedbush Securities Inc. now owns 275,864 shares of the company's stock valued at $7,559,000 after purchasing an additional 10,121 shares in the last quarter. Invesco Ltd. grew its holdings in shares of A-Mark Precious Metals by 47.2% during the 4th quarter. Invesco Ltd. now owns 237,830 shares of the company's stock valued at $6,517,000 after purchasing an additional 76,301 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in 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 worth $5,871,000 after purchasing an additional 65,014 shares in the last quarter. Institutional investors own 75.25% of the company's stock.

Wall Street Analyst Weigh In

AMRK has been the topic of a number of research analyst reports. B. Riley cut their target price on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Northland Securities reduced their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Finally, DA Davidson reiterated a "buy" rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $42.00.

A-Mark Precious Metals Trading Up 0.3 %

Shares of NASDAQ:AMRK traded up $0.08 during mid-day trading on Tuesday, reaching $24.15. 215,093 shares of the company's stock were exchanged, compared to its average volume of 317,105. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. A-Mark Precious Metals, Inc. has a twelve month low of $20.60 and a twelve month high of $47.39. The firm has a market capitalization of $555.91 million, a price-to-earnings ratio of 11.78 and a beta of 0.32. The business's fifty day moving average price is $25.40 and its 200-day moving average price is $28.23.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate 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, research analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

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

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.