A-Mark Precious Metals, Inc. $AMRK Shares Bought by Algert Global LLC

Key Points

• Algert Global LLC has increased its stake in A-Mark Precious Metals, Inc. by 38.5%, owning 62,444 shares valued at approximately $1.58 million as of its latest SEC filing.
• A-Mark Precious Metals recently announced a quarterly dividend of $0.20 per share, yielding 3.3% annually, with a payout ratio of 54.05%.
• The stock has received mixed ratings from analysts, with a consensus rating of "Hold" and a target price averaging $33.00 per share.

Algert Global LLC lifted its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 38.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,444 shares of the company's stock after buying an additional 17,350 shares during the quarter. Algert Global LLC owned about 0.27% of A-Mark Precious Metals worth $1,584,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. grew its holdings in shares of A-Mark Precious Metals by 2,692.0% during the first quarter. Raymond James Financial Inc. now owns 241,177 shares of the company's stock worth $6,119,000 after purchasing an additional 232,539 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in shares of A-Mark Precious Metals in the 1st quarter valued at about $2,480,000. American Century Companies Inc. boosted its position in shares of A-Mark Precious Metals by 3.9% in the 1st quarter. American Century Companies Inc. now owns 1,253,689 shares of the company's stock valued at $31,806,000 after purchasing an additional 47,616 shares during the period. Nuveen LLC purchased a new position in A-Mark Precious Metals during the 1st quarter worth approximately $6,350,000. Finally, Invesco Ltd. increased its position in A-Mark Precious Metals by 120.5% during the first quarter. Invesco Ltd. now owns 524,342 shares of the company's stock worth $13,303,000 after buying an additional 286,512 shares during the period. 75.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. DA Davidson cut their target price 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. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, A-Mark Precious Metals has an average rating of "Hold" and an average price target of $33.00.

Insider Buying and Selling at A-Mark Precious Metals

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 stock was sold at an average price of $20.68, for a total value of $103,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 48.64% of the stock is currently owned by company insiders.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock traded down $0.23 during mid-day trading on Thursday, hitting $22.69. The stock had a trading volume of 14,654 shares, compared to its average volume of 254,109. The firm has a market cap of $558.62 million, a PE ratio of 15.29 and a beta of 0.14. The company's 50-day simple moving average is $22.40 and its 200-day simple moving average is $23.65. 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, Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $47.39.

A-Mark Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 18th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, July 18th. A-Mark Precious Metals's dividend payout ratio (DPR) is currently 54.05%.

A-Mark Precious Metals 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.