Deutsche Bank AG grew its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 95.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,717 shares of the company's stock after buying an additional 32,176 shares during the period. Deutsche Bank AG owned 0.28% of A-Mark Precious Metals worth $1,801,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC raised its holdings in shares of A-Mark Precious Metals by 72.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company's stock worth $53,000 after purchasing an additional 806 shares in the last quarter. Farther Finance Advisors LLC grew its stake in A-Mark Precious Metals by 446.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock valued at $62,000 after purchasing an additional 1,840 shares in the last quarter. Ancora Advisors LLC increased its holdings in A-Mark Precious Metals by 2,013.1% in the fourth quarter. Ancora Advisors LLC now owns 7,121 shares of the company's stock worth $195,000 after buying an additional 6,784 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of A-Mark Precious Metals during the 4th quarter valued at $200,000. Finally, SG Americas Securities LLC raised its holdings in A-Mark Precious Metals by 14.5% during the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock valued at $206,000 after buying an additional 949 shares in the last quarter. Institutional investors own 75.25% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on AMRK shares. DA Davidson lowered their price objective 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. Northland Securities cut their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. B. Riley lowered 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 research report on Tuesday, April 29th. Finally, Wall Street Zen raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th.
View Our Latest Analysis on AMRK
A-Mark Precious Metals Price Performance
Shares of AMRK stock 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 quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. A-Mark Precious Metals, Inc. has a fifty-two week low of $19.60 and a fifty-two week high of $47.39. The company has a market capitalization of $486.59 million, a price-to-earnings ratio of 9.64 and a beta of 0.32. The firm's 50 day simple moving average is $23.26 and its 200-day simple moving average is $26.40.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates 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. Sell-side analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current 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 4.05%. A-Mark Precious Metals's dividend payout ratio is currently 54.05%.
A-Mark Precious Metals Profile
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Free Report)
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.
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