Brevan Howard Capital Management LP Purchases Shares of 12,014 A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Brevan Howard Capital Management LP bought a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,014 shares of the company's stock, valued at approximately $329,000. Brevan Howard Capital Management LP owned approximately 0.05% of A-Mark Precious Metals at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of A-Mark Precious Metals by 349.0% in the 3rd quarter. Barclays PLC now owns 28,536 shares of the company's stock worth $1,259,000 after buying an additional 22,181 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of A-Mark Precious Metals by 136.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,207 shares of the company's stock worth $1,555,000 after buying an additional 20,309 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of A-Mark Precious Metals by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock worth $206,000 after buying an additional 949 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of A-Mark Precious Metals during the fourth quarter worth $307,000. Finally, Empowered Funds LLC raised its position in shares of A-Mark Precious Metals by 4.6% during the fourth quarter. Empowered Funds LLC now owns 17,640 shares of the company's stock worth $483,000 after purchasing an additional 782 shares during the period. Institutional investors own 75.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Northland Securities lowered their price target on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. DA Davidson lowered their price target on A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. B. Riley lowered their target price on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, StockNews.com downgraded A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, A-Mark Precious Metals has an average rating of "Hold" and an average price target of $40.50.

A-Mark Precious Metals Stock Down 3.2%

NASDAQ AMRK traded down $0.72 on Wednesday, reaching $21.88. The stock had a trading volume of 357,204 shares, compared to its average volume of 311,859. The business has a 50 day moving average price of $24.86 and a 200 day moving average price of $27.57. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. A-Mark Precious Metals, Inc. has a 1 year low of $19.76 and a 1 year high of $47.39. The company has a market capitalization of $503.66 million, a price-to-earnings ratio of 10.67 and a beta of 0.32.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.54). The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.66 billion. A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.66%. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 54.05%.

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.