Magnetar Financial LLC Makes New $396,000 Investment in A-Mark Precious Metals, Inc. $AMRK

Key Points

• Magnetar Financial LLC acquired 15,593 shares of A-Mark Precious Metals, Inc., valued at approximately $396,000, representing about 0.07% of the company as of their latest SEC filing.
• A-Mark Precious Metals announced a quarterly dividend of $0.20 per share, with an annualized yield of 3.4% and a payout ratio of 54.05%.
• Analysts currently rate A-Mark Precious Metals with a consensus of "Hold" and have adjusted the price target to $33.00, down from a previous $35.00.

Magnetar Financial LLC bought a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,593 shares of the company's stock, valued at approximately $396,000. Magnetar Financial LLC owned approximately 0.07% of A-Mark Precious Metals at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of AMRK. Raymond James Financial Inc. purchased a new position in A-Mark Precious Metals during the 4th quarter valued at about $237,000. Barclays PLC grew its stake in A-Mark Precious Metals by 8.8% during the 4th quarter. Barclays PLC now owns 31,045 shares of the company's stock valued at $850,000 after acquiring an additional 2,509 shares in the last quarter. MetLife Investment Management LLC grew its stake in A-Mark Precious Metals by 16.4% during the 4th quarter. MetLife Investment Management LLC now owns 11,962 shares of the company's stock valued at $328,000 after acquiring an additional 1,686 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in A-Mark Precious Metals by 13.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,982 shares of the company's stock valued at $329,000 after acquiring an additional 1,406 shares in the last quarter. Finally, Northern Trust Corp grew its stake in A-Mark Precious Metals by 2.7% during the 4th quarter. Northern Trust Corp now owns 186,371 shares of the company's stock valued at $5,107,000 after acquiring an additional 4,940 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $33.00.

A-Mark Precious Metals Stock Down 0.1%

NASDAQ:AMRK traded down $0.03 during trading hours on Friday, reaching $23.84. The company's stock had a trading volume of 209,396 shares, compared to its average volume of 188,589. The company has a market cap of $587.06 million, a price-to-earnings ratio of 16.11 and a beta of 0.16. A-Mark Precious Metals, Inc. has a one year low of $19.39 and a one year high of $47.39. The business's 50-day moving average is $22.72 and its 200-day moving average is $23.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.56 and a quick ratio of 0.39.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were issued a $0.20 dividend. The ex-dividend date was Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.4%. A-Mark Precious Metals's dividend payout ratio is currently 54.05%.

A-Mark Precious Metals Company 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.