Evergreen Capital Management LLC Cuts Stock Position in A-Mark Precious Metals, Inc. $AMRK

Key Points

• Evergreen Capital Management LLC reduced its holdings in A-Mark Precious Metals by 11.4%, owning 139,086 shares valued at approximately $3.53 million following the sale of 17,947 shares.
• A-Mark Precious Metals recently declared a quarterly dividend of $0.20 per share, resulting in an annualized yield of 3.4% with a payout ratio of 54.05%.
• The company has a current market capitalization of $576.35 million and reported a one-year price range with a low of $19.39 and a high of $47.39.

Evergreen Capital Management LLC decreased its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,086 shares of the company's stock after selling 17,947 shares during the period. Evergreen Capital Management LLC owned about 0.60% of A-Mark Precious Metals worth $3,529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of AMRK. Raymond James Financial Inc. acquired a new position in shares of A-Mark Precious Metals in the fourth quarter worth $237,000. Barclays PLC grew its stake in shares of A-Mark Precious Metals by 8.8% in the fourth quarter. Barclays PLC now owns 31,045 shares of the company's stock worth $850,000 after acquiring an additional 2,509 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of A-Mark Precious Metals by 16.4% in the fourth quarter. MetLife Investment Management LLC now owns 11,962 shares of the company's stock worth $328,000 after acquiring an additional 1,686 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of A-Mark Precious Metals by 13.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,982 shares of the company's stock worth $329,000 after acquiring an additional 1,406 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of A-Mark Precious Metals in the fourth quarter worth $395,000. Institutional investors and hedge funds own 75.25% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. DA Davidson cut their target price on 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 research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $33.00.

A-Mark Precious Metals Price Performance

A-Mark Precious Metals stock traded up $0.10 during mid-day trading on Thursday, reaching $23.95. The company had a trading volume of 96,640 shares, compared to its average volume of 252,956. A-Mark Precious Metals, Inc. has a 1 year low of $19.39 and a 1 year high of $47.39. 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 company has a market capitalization of $589.53 million, a P/E ratio of 16.21 and a beta of 0.16. The stock's 50-day simple moving average is $22.63 and its 200-day simple moving average is $23.47.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared 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 was Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 3.3%. 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.