A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock Position Lowered by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC cut its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 48.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,521 shares of the company's stock after selling 49,595 shares during the period. Cubist Systematic Strategies LLC owned 0.23% of A-Mark Precious Metals worth $1,439,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMRK. Ameriprise Financial Inc. acquired a new stake in shares of A-Mark Precious Metals in the 4th quarter valued at about $5,059,000. Invesco Ltd. raised its stake in A-Mark Precious Metals by 47.2% during the fourth quarter. Invesco Ltd. now owns 237,830 shares of the company's stock valued at $6,517,000 after buying an additional 76,301 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings 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 last quarter. Bank of New York Mellon Corp lifted its holdings 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 last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of A-Mark Precious Metals in the 4th quarter worth approximately $1,473,000. 75.25% of the stock is currently owned by institutional investors.

A-Mark Precious Metals Stock Performance

NASDAQ AMRK traded up $0.25 during trading hours on Friday, hitting $21.43. The company had a trading volume of 208,522 shares, compared to its average volume of 309,883. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The firm has a market cap of $493.30 million, a P/E ratio of 10.45 and a beta of 0.32. A-Mark Precious Metals, Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $47.39. The business has a fifty day simple moving average of $24.62 and a 200-day simple moving average of $27.41.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.54). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.66 billion. A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. Equities analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.73%. A-Mark Precious Metals's dividend payout ratio is presently 54.05%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMRK. 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 note on Friday, February 7th. StockNews.com downgraded shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research report on Friday, May 9th. DA Davidson decreased their price target on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, B. Riley dropped their price objective on shares of 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, A-Mark Precious Metals presently has an average rating of "Hold" and an average price target of $40.50.

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.