Baird Financial Group Inc. lessened its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 29.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,062 shares of the company's stock after selling 12,374 shares during the quarter. Baird Financial Group Inc. owned about 0.13% of A-Mark Precious Metals worth $796,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Ameriprise Financial Inc. purchased a new position in shares of A-Mark Precious Metals in the 4th quarter valued at $5,059,000. Invesco Ltd. increased its stake in A-Mark Precious Metals by 47.2% during the 4th quarter. Invesco Ltd. now owns 237,830 shares of the company's stock worth $6,517,000 after buying an additional 76,301 shares during the period. Evergreen Capital Management LLC increased its stake in A-Mark Precious Metals by 92.6% during the 4th quarter. Evergreen Capital Management LLC now owns 157,033 shares of the company's stock worth $4,303,000 after buying an additional 75,486 shares during the period. Bank of New York Mellon Corp increased its stake 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 buying an additional 65,014 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in A-Mark Precious Metals during the 4th quarter worth $1,473,000. Institutional investors and hedge funds own 75.25% of the company's stock.
A-Mark Precious Metals Price Performance
Shares of NASDAQ:AMRK traded up $0.10 during trading on Tuesday, reaching $21.17. The company had a trading volume of 11,041 shares, compared to its average volume of 306,726. 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 firm's fifty day moving average is $24.39 and its 200 day moving average is $27.00. A-Mark Precious Metals, Inc. has a twelve month low of $19.76 and a twelve month high of $47.39. The firm has a market capitalization of $521.19 million, a PE ratio of 10.31 and a beta of 0.32.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.54). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.66 billion. On average, equities 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 declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.78%. A-Mark Precious Metals's dividend payout ratio is currently 54.05%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on AMRK. StockNews.com raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday. Northland Securities dropped their target price on shares of 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. DA Davidson dropped their target price on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, B. Riley dropped their target price on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $40.50.
Read Our Latest Stock Report on AMRK
A-Mark Precious Metals Company Profile
(
Free Report)
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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