Invesco Ltd. Acquires 286,512 Shares of A-Mark Precious Metals, Inc. $AMRK

Key Points

• Invesco Ltd. increased its stake in A-Mark Precious Metals by 120.5%, owning 524,342 shares valued at approximately $13.3 million after acquiring an additional 286,512 shares in Q1.
• A-Mark Precious Metals announced a quarterly dividend of $0.20 per share, representing a 3.3% dividend yield, with a payout ratio of 54.05%.
• Analysts have adjusted price targets for A-Mark Precious Metals, with DA Davidson lowering theirs from $35.00 to $29.00, while the stock holds a consensus rating of "Hold" with an average target price of $33.00.

Invesco Ltd. lifted its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 120.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,342 shares of the company's stock after purchasing an additional 286,512 shares during the quarter. Invesco Ltd. owned about 2.28% of A-Mark Precious Metals worth $13,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMRK. Pacer Advisors Inc. bought a new position in shares of A-Mark Precious Metals during the 1st quarter worth about $5,754,000. Ameriprise Financial Inc. bought a new position in A-Mark Precious Metals in the 4th quarter valued at about $5,059,000. Vanguard Group Inc. lifted its position in A-Mark Precious Metals by 12.4% in the 1st quarter. Vanguard Group Inc. now owns 1,152,737 shares of the company's stock valued at $29,245,000 after acquiring an additional 127,072 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in A-Mark Precious Metals by 33.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 330,145 shares of the company's stock valued at $8,376,000 after acquiring an additional 83,635 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in A-Mark Precious Metals in the 1st quarter valued at about $1,524,000. Institutional investors own 75.25% of the company's stock.

Insiders Place Their Bets

In related news, CFO Kathleen Taylor-Simpson sold 5,000 shares of A-Mark Precious Metals stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 48.64% of the company's stock.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock traded up $0.06 during trading hours on Thursday, hitting $22.97. 120,127 shares of the company were exchanged, compared to its average volume of 190,427. The firm has a fifty day simple moving average of $22.44 and a 200 day simple moving average of $23.60. The company has a current ratio of 1.56, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46. A-Mark Precious Metals, Inc. has a 52-week low of $19.39 and a 52-week high of $47.39. The stock has a market capitalization of $565.52 million, a price-to-earnings ratio of 15.52 and a beta of 0.14.

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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, July 18th. A-Mark Precious Metals's payout ratio is currently 54.05%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMRK shares. 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. DA Davidson dropped their price target on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $33.00.

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.