Bridgeway Capital Management LLC Raises Stock Holdings in A-Mark Precious Metals, Inc. $AMRK

Key Points

• Bridgeway Capital Management LLC increased its stake in A-Mark Precious Metals, acquiring an additional 79,624 shares, bringing its total holdings to 107,264 shares.
• A-Mark Precious Metals declared a quarterly $0.20 dividend, translating to an annualized yield of 3.4%, with a payout ratio of 54.05%.
• Analysts have upgraded A-Mark Precious Metals from a "sell" to a "hold" rating, with a consensus target price of $33.00.

Bridgeway Capital Management LLC increased its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 288.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 107,264 shares of the company's stock after acquiring an additional 79,624 shares during the quarter. Bridgeway Capital Management LLC owned about 0.47% of A-Mark Precious Metals worth $2,721,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new position in A-Mark Precious Metals in the 1st quarter valued at approximately $41,000. CWM LLC raised its stake in shares of A-Mark Precious Metals by 1,192.3% during the 1st quarter. CWM LLC now owns 2,184 shares of the company's stock valued at $55,000 after purchasing an additional 2,015 shares during the period. NBC Securities Inc. purchased a new stake in A-Mark Precious Metals during the 1st quarter worth about $70,000. AlphaQuest LLC lifted its holdings in A-Mark Precious Metals by 556,900.0% during the 1st quarter. AlphaQuest LLC now owns 5,570 shares of the company's stock worth $141,000 after purchasing an additional 5,569 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in A-Mark Precious Metals by 11,170.5% in the 1st quarter. GAMMA Investing LLC now owns 6,875 shares of the company's stock worth $174,000 after purchasing an additional 6,814 shares during the period. 75.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMRK has been the topic of a number of recent analyst reports. 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. Roth Capital upgraded shares of A-Mark Precious Metals to a "strong-buy" rating in a research note on Wednesday. Finally, DA Davidson reissued a "buy" rating and issued a $29.00 price target on shares of A-Mark Precious Metals in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

A-Mark Precious Metals Price Performance

Shares of AMRK traded up $1.97 during midday trading on Friday, reaching $26.98. The stock had a trading volume of 913,702 shares, compared to its average volume of 272,268. The company has a current ratio of 1.56, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $664.25 million, a price-to-earnings ratio of 39.10 and a beta of 0.16. The company's 50-day moving average is $22.96 and its 200 day moving average is $23.35. A-Mark Precious Metals, Inc. has a 12-month low of $19.39 and a 12-month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its earnings results on Tuesday, September 9th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.57 by $0.19. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.91 billion. A-Mark Precious Metals had a net margin of 0.16% and a return on equity of 7.85%. During the same quarter last year, the firm earned $0.76 EPS. On average, equities analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.0%. A-Mark Precious Metals's payout ratio is presently 115.94%.

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.