BNP Paribas Financial Markets Sells 13,385 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

BNP Paribas Financial Markets trimmed its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 39.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,335 shares of the company's stock after selling 13,385 shares during the period. BNP Paribas Financial Markets owned approximately 0.09% of A-Mark Precious Metals worth $557,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMRK. Ameriprise Financial Inc. acquired a new stake in A-Mark Precious Metals during the fourth quarter worth about $5,059,000. Invesco Ltd. grew its stake in A-Mark Precious Metals by 47.2% during the fourth quarter. Invesco Ltd. now owns 237,830 shares of the company's stock worth $6,517,000 after buying an additional 76,301 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of A-Mark Precious Metals by 92.6% in the 4th quarter. Evergreen Capital Management LLC now owns 157,033 shares of the company's stock valued at $4,303,000 after purchasing an additional 75,486 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of A-Mark Precious Metals by 43.6% in the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock valued at $5,871,000 after purchasing an additional 65,014 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of A-Mark Precious Metals in the 4th quarter valued at approximately $1,473,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMRK has been the topic of a number of research analyst reports. DA Davidson reduced 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 note on Thursday, May 8th. B. Riley dropped their price objective on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. 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. Finally, Northland Securities dropped their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a report on Friday, February 7th.

A-Mark Precious Metals Trading Down 1.1%

NASDAQ AMRK traded down $0.21 during trading hours on Thursday, reaching $19.76. The company's stock had a trading volume of 186,258 shares, compared to its average volume of 307,351. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. A-Mark Precious Metals, Inc. has a 52 week low of $19.60 and a 52 week high of $47.39. The firm has a fifty day simple moving average of $23.26 and a 200-day simple moving average of $26.40. The stock has a market cap of $486.59 million, a P/E ratio of 9.64 and a beta of 0.32.

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

A-Mark Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.80 annualized dividend and a yield of 4.05%. A-Mark Precious Metals's payout ratio is 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.