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

BNP Paribas Financial Markets lowered its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 39.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,335 shares of the company's stock after selling 13,385 shares during the period. BNP Paribas Financial Markets owned about 0.09% of A-Mark Precious Metals worth $557,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in A-Mark Precious Metals by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 437,464 shares of the company's stock valued at $11,989,000 after buying an additional 5,672 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of A-Mark Precious Metals by 3.8% in the fourth quarter. Wedbush Securities Inc. now owns 275,864 shares of the company's stock valued at $7,559,000 after acquiring an additional 10,121 shares in the last quarter. Invesco Ltd. increased its position in shares of A-Mark Precious Metals by 47.2% during the fourth quarter. Invesco Ltd. now owns 237,830 shares of the company's stock valued at $6,517,000 after acquiring an additional 76,301 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in A-Mark Precious Metals by 43.6% during the fourth quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock worth $5,871,000 after acquiring an additional 65,014 shares during the period. Finally, Northern Trust Corp lifted its holdings in A-Mark Precious Metals by 2.7% during the fourth quarter. Northern Trust Corp now owns 186,371 shares of the company's stock worth $5,107,000 after acquiring an additional 4,940 shares during the period. 75.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMRK. B. Riley reduced their price objective on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. DA Davidson decreased their price objective on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Northland Securities lowered their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th.

A-Mark Precious Metals Stock Performance

NASDAQ AMRK traded up $0.92 on Tuesday, hitting $21.06. 305,918 shares of the stock traded hands, compared to its average volume of 307,084. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The business's fifty day moving average is $23.59 and its two-hundred day moving average is $26.48. A-Mark Precious Metals, Inc. has a 12 month low of $19.45 and a 12 month high of $47.39. The firm has a market capitalization of $518.60 million, a price-to-earnings ratio of 10.27 and a beta of 0.32.

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

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.80%. 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.