Pacer Advisors Inc. Acquires Shares of 226,792 A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Key Points

• Pacer Advisors Inc. acquired 226,792 shares of A-Mark Precious Metals, valued at approximately $5.75 million, representing around 0.99% ownership of the company.
• A-Mark Precious Metals announced a quarterly dividend of $0.20 per share, set to be paid on August 1st, which gives an annualized yield of approximately 3.62%.
• Despite a revenue of $3.01 billion in its last quarter, A-Mark missed earnings estimates with an EPS of $0.24, significantly below the anticipated $0.78.

Pacer Advisors Inc. acquired a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 226,792 shares of the company's stock, valued at approximately $5,754,000. Pacer Advisors Inc. owned approximately 0.99% of A-Mark Precious Metals at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in A-Mark Precious Metals during the 1st quarter worth approximately $1,524,000. Denali Advisors LLC lifted its stake in A-Mark Precious Metals by 69.7% in the first quarter. Denali Advisors LLC now owns 15,608 shares of the company's stock valued at $396,000 after buying an additional 6,408 shares during the last quarter. CWM LLC raised its holdings in shares of A-Mark Precious Metals by 1,192.3% in the first quarter. CWM LLC now owns 2,184 shares of the company's stock valued at $55,000 after buying an additional 2,015 shares during the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of A-Mark Precious Metals by 6.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 8,405 shares of the company's stock worth $213,000 after purchasing an additional 485 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of A-Mark Precious Metals by 57.3% in the first quarter. D.A. Davidson & CO. now owns 24,303 shares of the company's stock valued at $617,000 after acquiring an additional 8,852 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company's stock.

A-Mark Precious Metals Stock Down 0.6%

Shares of A-Mark Precious Metals stock traded down $0.12 on Thursday, hitting $21.29. 71,599 shares of the company traded hands, compared to its average volume of 263,351. The company has a 50-day moving average price of $21.67 and a 200 day moving average price of $24.34. A-Mark Precious Metals, Inc. has a 12-month low of $19.39 and a 12-month high of $47.39. The company has a market cap of $524.27 million, a PE ratio of 14.42 and a beta of 0.22. The company has a quick ratio of 0.39, a current ratio of 1.56 and a debt-to-equity ratio of 0.46.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its quarterly earnings data 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 8.04% and a net margin of 0.32%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.66 billion. Sell-side analysts predict that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, July 18th. A-Mark Precious Metals's payout ratio is 54.05%.

Insider Activity

In related news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $20.68, for a total value of $103,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 48.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMRK. B. Riley cut their price target on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. DA Davidson cut their price objective on shares of 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. Finally, Wall Street Zen raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th.

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.