Deutsche Bank AG Sells 28,845 Shares of A-Mark Precious Metals, Inc. $AMRK

Key Points

• Deutsche Bank AG reduced its stake in A-Mark Precious Metals by 43.9%, owning 36,872 shares worth approximately $935,000 after selling 28,845 shares.
• A-Mark Precious Metals announced a quarterly dividend of $0.20, resulting in an annualized yield of 3.3% and a dividend payout ratio of 54.05%.
• Analysts have mixed ratings on A-Mark Precious Metals, with DA Davidson lowering their target price to $29.00 while one analyst maintains a "Buy" rating and two others a "Hold" rating.

Deutsche Bank AG lessened its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 43.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,872 shares of the company's stock after selling 28,845 shares during the quarter. Deutsche Bank AG owned 0.16% of A-Mark Precious Metals worth $935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of A-Mark Precious Metals by 12.4% in the first quarter. Vanguard Group Inc. now owns 1,152,737 shares of the company's stock valued at $29,245,000 after buying an additional 127,072 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of A-Mark Precious Metals by 33.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 330,145 shares of the company's stock worth $8,376,000 after purchasing an additional 83,635 shares in the last quarter. Jacobs Asset Management LLC lifted its position in shares of A-Mark Precious Metals by 12.7% in the fourth quarter. Jacobs Asset Management LLC now owns 310,000 shares of the company's stock worth $8,494,000 after purchasing an additional 35,000 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of A-Mark Precious Metals by 1.3% in the fourth quarter. Nuveen Asset Management LLC now owns 250,997 shares of the company's stock worth $6,877,000 after purchasing an additional 3,178 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of A-Mark Precious Metals in the first quarter worth $5,754,000. Institutional investors and hedge funds own 75.25% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AMRK. 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 research report on Thursday, May 8th. 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. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $33.00.

Insider Buying and Selling at A-Mark Precious Metals

In other news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $20.68, for a total value of $103,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 48.64% of the stock is owned by insiders.

A-Mark Precious Metals Stock Performance

NASDAQ AMRK traded up $0.44 on Friday, hitting $23.41. 127,484 shares of the stock were exchanged, compared to its average volume of 186,809. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.56 and a quick ratio of 0.39. The business's fifty day moving average is $22.48 and its 200 day moving average is $23.53. A-Mark Precious Metals, Inc. has a 52 week low of $19.39 and a 52 week high of $47.39. The company has a market capitalization of $576.35 million, a PE ratio of 15.82 and a beta of 0.14.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 18th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 3.4%. A-Mark Precious Metals's dividend payout ratio 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.