CWA Asset Management Group LLC Has $4.53 Million Stock Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

CWA Asset Management Group LLC reduced its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 51.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 178,675 shares of the company's stock after selling 189,718 shares during the period. CWA Asset Management Group LLC owned 0.78% of A-Mark Precious Metals worth $4,533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. acquired a new stake in A-Mark Precious Metals in the 4th quarter valued at $5,059,000. Deutsche Bank AG raised its stake in A-Mark Precious Metals by 95.9% in the fourth quarter. Deutsche Bank AG now owns 65,717 shares of the company's stock valued at $1,801,000 after buying an additional 32,176 shares during the period. Proficio Capital Partners LLC bought a new stake in A-Mark Precious Metals in the fourth quarter valued at approximately $338,000. Teacher Retirement System of Texas bought a new stake in A-Mark Precious Metals in the fourth quarter valued at approximately $1,473,000. Finally, ExodusPoint Capital Management LP raised its stake in A-Mark Precious Metals by 271.5% in the fourth quarter. ExodusPoint Capital Management LP now owns 69,207 shares of the company's stock valued at $1,896,000 after buying an additional 50,580 shares during the period. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at A-Mark Precious Metals

In other news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $20.68, for a total transaction of $103,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 48.64% of the company's stock.

A-Mark Precious Metals Stock Performance

NASDAQ AMRK traded down $0.32 during trading on Friday, reaching $20.98. The company's stock had a trading volume of 646,501 shares, compared to its average volume of 299,714. 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 firm has a market capitalization of $516.53 million, a price-to-earnings ratio of 14.18 and a beta of 0.20. A-Mark Precious Metals, Inc. has a 12 month low of $19.39 and a 12 month high of $47.39. The firm has a 50 day moving average price of $22.11 and a 200 day moving average price of $25.31.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.54). The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.66 billion. A-Mark Precious Metals had a net margin of 0.32% and a return on equity of 8.04%. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Tuesday, April 15th. A-Mark Precious Metals's dividend payout ratio is currently 54.05%.

Wall Street Analyst Weigh In

AMRK has been the topic of several research analyst reports. Wall Street Zen upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. B. Riley reduced their target price 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. Finally, DA Davidson reduced their target price 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.

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.