A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 39.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,335 shares of the company's stock after selling 13,385 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of A-Mark Precious Metals worth $557,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ameriprise Financial Inc. bought a new position in A-Mark Precious Metals during the fourth quarter valued at approximately $5,059,000. Ancora Advisors LLC grew its stake in shares of A-Mark Precious Metals by 2,013.1% in the 4th quarter. Ancora Advisors LLC now owns 7,121 shares of the company's stock worth $195,000 after buying an additional 6,784 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of A-Mark Precious Metals by 19.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,300 shares of the company's stock worth $227,000 after buying an additional 1,379 shares in the last quarter. Northern Trust Corp grew its stake in shares of A-Mark Precious Metals by 2.7% in the 4th quarter. Northern Trust Corp now owns 186,371 shares of the company's stock worth $5,107,000 after buying an additional 4,940 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of A-Mark Precious Metals in the 4th quarter worth $395,000. Hedge funds and other institutional investors own 75.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. DA Davidson dropped 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. B. Riley lowered their price target on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Northland Securities reduced their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research report on Friday, February 7th.

A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock traded down $0.83 during trading on Wednesday, reaching $20.24. The company's stock had a trading volume of 140,486 shares, compared to its average volume of 306,515. The company has a 50-day moving average price of $23.43 and a two-hundred day moving average price of $26.44. A-Mark Precious Metals, Inc. has a fifty-two week low of $19.60 and a fifty-two week high of $47.39. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The firm has a market cap of $498.29 million, a PE ratio of 9.89 and a beta of 0.32.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.54). The company had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $2.66 billion. A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. On average, analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Tuesday, April 15th. A-Mark Precious Metals's payout ratio is currently 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.