CWA Asset Management Group LLC Cuts Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

CWA Asset Management Group LLC cut its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 51.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,675 shares of the company's stock after selling 189,718 shares during the quarter. CWA Asset Management Group LLC owned approximately 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 bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of A-Mark Precious Metals by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 437,464 shares of the company's stock valued at $11,989,000 after acquiring an additional 5,672 shares during the last quarter. Jacobs Asset Management LLC increased its position in shares of A-Mark Precious Metals by 12.7% during the fourth quarter. Jacobs Asset Management LLC now owns 310,000 shares of the company's stock worth $8,494,000 after purchasing an additional 35,000 shares in the last quarter. Wedbush Securities Inc. raised its stake in A-Mark Precious Metals by 3.8% in the 4th quarter. Wedbush Securities Inc. now owns 275,864 shares of the company's stock valued at $7,559,000 after purchasing an additional 10,121 shares during the last quarter. Nuveen Asset Management LLC raised its stake in A-Mark Precious Metals by 1.3% in the 4th quarter. Nuveen Asset Management LLC now owns 250,997 shares of the company's stock valued at $6,877,000 after purchasing an additional 3,178 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in A-Mark Precious Metals by 47.2% in the 4th quarter. Invesco Ltd. now owns 237,830 shares of the company's stock valued at $6,517,000 after purchasing an additional 76,301 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMRK has been the subject of a number of research 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. 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 research report on Tuesday, April 29th. Finally, DA Davidson cut 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.

Insider Activity

In other news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $20.68, for a total transaction of $103,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 48.64% of the company's stock.

A-Mark Precious Metals Trading Down 0.5%

NASDAQ:AMRK traded down $0.11 during trading hours on Wednesday, hitting $21.30. The company had a trading volume of 147,801 shares, compared to its average volume of 300,020. A-Mark Precious Metals, Inc. has a 1 year low of $19.39 and a 1 year high of $47.39. The company has a market cap of $524.41 million, a P/E ratio of 14.39 and a beta of 0.20. The company has a 50-day moving average of $22.21 and a 200 day moving average of $25.49. The company has a current ratio of 1.56, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.54). A-Mark Precious Metals had a net margin of 0.32% and a return on equity of 8.04%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.66 billion. Sell-side analysts expect that A-Mark Precious Metals, Inc. will post 2.11 earnings per share 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. Shareholders of record on Tuesday, April 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 annualized dividend and a yield of 3.76%. 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.